Covington Capital Management lowered its stake in Union Pacific Corporation (NYSE:UNP) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,878 shares of the railroad operator’s stock after selling 415 shares during the quarter. Covington Capital Management’s holdings in Union Pacific Corporation were worth $11,321,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Summit Asset Management LLC lifted its holdings 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 worth $763,000 after acquiring an additional 19 shares during the last quarter. Family Firm Inc. lifted its holdings 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 worth $443,000 after acquiring an additional 21 shares during the last quarter. Court Place Advisors LLC lifted its holdings 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 worth $795,000 after acquiring an additional 29 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings 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 worth $269,000 after acquiring an additional 30 shares during the last quarter. Finally, Highland Private Wealth Management lifted its holdings in shares of Union Pacific Corporation by 1.6% in the first quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock worth $210,000 after acquiring an additional 32 shares during the last quarter. 78.56% of the stock is owned by hedge funds and other institutional investors.

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Union Pacific Corporation (NYSE:UNP) traded up 0.65% during mid-day trading on Tuesday, reaching $108.80. 1,056,306 shares of the company traded hands. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 19.73 and a beta of 0.81. The company’s 50-day moving average is $104.14 and its 200-day moving average is $107.24. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.17 earnings per share. Equities analysts predict that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Tuesday, May 30th. Credit Suisse Group raised their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Two 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.22.

Union Pacific Corporation 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.

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

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