Prentiss Smith & Co. Inc. maintained its stake in Union Pacific Corporation (NYSE:UNP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,840 shares of the railroad operator’s stock at the end of the 2nd quarter. Prentiss Smith & Co. Inc.’s holdings in Union Pacific Corporation were worth $418,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Summit Asset Management LLC grew its holdings in Union Pacific Corporation by 0.3% during the 1st 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. grew its holdings in Union Pacific Corporation by 0.5% during the 1st 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 grew its holdings in Union Pacific Corporation by 0.4% during the 1st 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 grew its holdings in Union Pacific Corporation by 1.2% during the 1st 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 grew its holdings in Union Pacific Corporation by 1.6% during the 1st 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. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have commented on UNP. BMO Capital Markets reissued a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, August 11th. Wolfe Research lowered shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Robert W. Baird reissued a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a report on Sunday. BidaskClub raised shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $113.38.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’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 value of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Shares of Union Pacific Corporation (UNP) traded down 0.65% during mid-day trading on Monday, hitting $112.66. 1,389,808 shares of the company were exchanged. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The company has a market capitalization of $90.17 billion, a price-to-earnings ratio of 20.43 and a beta of 0.81. The firm has a 50 day moving average of $105.02 and a 200 day moving average of $107.33.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.

COPYRIGHT VIOLATION WARNING: “Union Pacific Corporation (UNP) Holdings Held by Prentiss Smith & Co. Inc.” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/18/union-pacific-corporation-unp-holdings-held-by-prentiss-smith-co-inc.html.

About Union Pacific Corporation

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)

Receive News & Stock Ratings for Union Pacific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific Corporation and related stocks with our FREE daily email newsletter.