Argus Investors Counsel Inc. increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 41,733 shares of the railroad operator’s stock after buying an additional 2,013 shares during the period. Union Pacific Corporation makes up 2.0% of Argus Investors Counsel Inc.’s portfolio, making the stock its 14th largest position. Argus Investors Counsel Inc.’s holdings in Union Pacific Corporation were worth $4,545,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Prospera Financial Services Inc boosted its position in shares of Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock valued at $230,000 after buying an additional 7 shares during the period. Summit Asset Management LLC boosted its position in shares of Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares during the period. Family Firm Inc. boosted its position in shares of Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after buying an additional 21 shares during the period. Court Place Advisors LLC boosted its position in shares of Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after buying an additional 29 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in shares of Union Pacific Corporation by 1.2% in the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after buying an additional 30 shares during the period. 78.55% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Corporation (NYSE:UNP) traded down 0.58% during mid-day trading on Monday, reaching $104.64. The company had a trading volume of 684,672 shares. The company’s 50-day moving average is $105.10 and its 200-day moving average is $107.47. The stock has a market capitalization of $83.75 billion, a PE ratio of 18.98 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15.

Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The company had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company earned $1.17 EPS. Union Pacific Corporation’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.

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Several brokerages recently commented on UNP. Stifel Nicolaus reissued a “hold” rating and set a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Citigroup Inc. reissued a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research cut Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Wolfe Research cut Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $113.22.

In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction on Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Union Pacific Corporation Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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

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