Laurel Grove Capital LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,250 shares of the railroad operator’s stock after selling 950 shares during the quarter. Union Pacific Corporation comprises about 2.1% of Laurel Grove Capital LLC’s portfolio, making the stock its 15th biggest position. Laurel Grove Capital LLC’s holdings in Union Pacific Corporation were worth $4,057,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advantage Investment Management LLC lifted its stake in shares of Union Pacific Corporation by 263.7% in the 1st quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after purchasing an additional 691 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Union Pacific Corporation by 96.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after purchasing an additional 501 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Union Pacific Corporation by 36.3% in the 1st quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after purchasing an additional 274 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Union Pacific Corporation by 147.2% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after purchasing an additional 686 shares during the period. Finally, Ullmann Financial Group Inc. acquired a new position in shares of Union Pacific Corporation in the 1st quarter valued at about $122,000. 78.38% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/24/union-pacific-corporation-unp-stake-lessened-by-laurel-grove-capital-llc.html.

In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Union Pacific Corporation (UNP) traded down 0.09% during trading on Friday, hitting $115.34. The stock had a trading volume of 2,297,582 shares. The stock’s 50-day moving average price is $105.56 and its 200-day moving average price is $107.35. The company has a market capitalization of $92.32 billion, a P/E ratio of 20.92 and a beta of 0.81. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.57.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.

UNP has been the subject of a number of research analyst reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 target price (up from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Stifel Nicolaus boosted their target price on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Union Pacific Corporation has an average rating of “Hold” and a consensus target price of $113.38.

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.

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.