Gillespie Robinson & Grimm Inc. lowered its stake in shares of Union Pacific Corp. (NYSE:UNP) by 62.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,690 shares of the railroad operator’s stock after selling 87,852 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Union Pacific Corp. were worth $5,129,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rockland Trust Co. raised its position in Union Pacific Corp. by 6.0% in the second quarter. Rockland Trust Co. now owns 121,603 shares of the railroad operator’s stock worth $10,610,000 after buying an additional 6,866 shares during the period. BB&T Corp raised its position in Union Pacific Corp. by 447.7% in the second quarter. BB&T Corp now owns 165,590 shares of the railroad operator’s stock worth $14,449,000 after buying an additional 135,355 shares during the period. Bank of Montreal Can acquired a new position in Union Pacific Corp. during the second quarter worth $141,246,000. PGGM Investments raised its position in Union Pacific Corp. by 60.3% in the second quarter. PGGM Investments now owns 384,456 shares of the railroad operator’s stock worth $33,544,000 after buying an additional 144,695 shares during the period. Finally, KAMES CAPITAL plc raised its position in Union Pacific Corp. by 3.6% in the second quarter. KAMES CAPITAL plc now owns 248,006 shares of the railroad operator’s stock worth $21,641,000 after buying an additional 8,718 shares during the period. 77.59% of the stock is owned by institutional investors and hedge funds.

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

Shares of Union Pacific Corp. (NYSE:UNP) traded up 0.76% during mid-day trading on Wednesday, reaching $101.33. The company’s stock had a trading volume of 6,190,196 shares. The stock has a market cap of $83.51 billion, a P/E ratio of 20.31 and a beta of 0.66. The stock has a 50 day moving average of $94.68 and a 200-day moving average of $91.95. Union Pacific Corp. has a one year low of $67.06 and a one year high of $102.73.

Union Pacific Corp. (NYSE:UNP) last issued its earnings results on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.39 by $0.03. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, equities research analysts expect that Union Pacific Corp. will post $5.00 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.605 per share. This is a boost from Union Pacific Corp.’s previous quarterly dividend of $0.55. This represents a $2.42 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, November 28th. Union Pacific Corp.’s payout ratio is currently 48.40%.

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UNP has been the subject of a number of research reports. Morgan Stanley set a $100.00 price target on Union Pacific Corp. and gave the company a “buy” rating in a research note on Thursday, August 18th. Credit Suisse Group AG reissued a “buy” rating and set a $106.00 price target on shares of Union Pacific Corp. in a research note on Tuesday, September 13th. Citigroup Inc. set a $106.00 price target on Union Pacific Corp. and gave the company a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Tuesday, October 4th. Finally, Seaport Global Securities initiated coverage on Union Pacific Corp. in a research note on Monday, October 24th. They set a “buy” rating and a $100.00 price target for the company. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Union Pacific Corp. presently has a consensus rating of “Hold” and a consensus price target of $96.38.

In other news, EVP Diane K. Duren sold 2,840 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $98.98, for a total transaction of $281,103.20. Following the transaction, the executive vice president now directly owns 128,701 shares in the company, valued at approximately $12,738,824.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total value of $952,400.00. Following the transaction, the executive vice president now owns 150,660 shares in the company, valued at $14,348,858.40. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Union Pacific Corp. Company Profile

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

5 Day Chart for NYSE:UNP

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