Verition Fund Management LLC increased its stake in shares of Union Pacific Co. (NYSE:UNP) by 808.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,429 shares of the railroad operator’s stock after buying an additional 14,620 shares during the quarter. Verition Fund Management LLC’s holdings in Union Pacific were worth $2,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Thrivent Financial for Lutherans grew its holdings in shares of Union Pacific by 1.5% during the first quarter. Thrivent Financial for Lutherans now owns 32,851 shares of the railroad operator’s stock worth $4,416,000 after buying an additional 487 shares during the last quarter. Motco grew its holdings in shares of Union Pacific by 4.4% during the first quarter. Motco now owns 42,087 shares of the railroad operator’s stock worth $5,658,000 after buying an additional 1,792 shares during the last quarter. Tyers Asset Management LLC grew its holdings in shares of Union Pacific by 9.7% during the first quarter. Tyers Asset Management LLC now owns 193,424 shares of the railroad operator’s stock worth $26,002,000 after buying an additional 17,072 shares during the last quarter. Connecticut Wealth Management LLC grew its holdings in shares of Union Pacific by 18.2% during the first quarter. Connecticut Wealth Management LLC now owns 10,296 shares of the railroad operator’s stock worth $1,370,000 after buying an additional 1,584 shares during the last quarter. Finally, Santa Barbara Asset Management LLC grew its holdings in shares of Union Pacific by 18.5% during the first quarter. Santa Barbara Asset Management LLC now owns 1,324,292 shares of the railroad operator’s stock worth $178,025,000 after buying an additional 207,017 shares during the last quarter. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Shares of UNP opened at $163.70 on Wednesday. Union Pacific Co. has a twelve month low of $108.71 and a twelve month high of $164.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. The company has a market capitalization of $116.40 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.90 and a beta of 0.82.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts expect that Union Pacific Co. will post 7.76 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, August 31st will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Thursday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 55.27%.

A number of equities analysts recently issued reports on the company. Stifel Nicolaus set a $151.00 price target on Union Pacific and gave the stock a “hold” rating in a report on Thursday, May 24th. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. BMO Capital Markets lifted their price objective on Union Pacific from $158.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, June 1st. Loop Capital lifted their price objective on Union Pacific to $153.00 and gave the company a “hold” rating in a report on Friday, June 1st. Finally, Robert W. Baird lifted their price objective on Union Pacific from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, June 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $149.14.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

Further Reading: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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