Pennsylvania Trust Co lifted its position in shares of Union Pacific Corporation (NYSE:UNP) by 48.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,230 shares of the railroad operator’s stock after buying an additional 46,601 shares during the period. Pennsylvania Trust Co’s holdings in Union Pacific Corporation were worth $15,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UNP. Waldron LP raised its holdings in shares of Union Pacific Corporation by 52.7% during the 1st quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock valued at $406,000 after buying an additional 1,353 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of Union Pacific Corporation by 63.5% during the 1st quarter. Foster & Motley Inc. now owns 24,428 shares of the railroad operator’s stock valued at $2,587,000 after buying an additional 9,484 shares in the last quarter. Harwood Advisory Group LLC raised its holdings in shares of Union Pacific Corporation by 4.5% during the 1st quarter. Harwood Advisory Group LLC now owns 18,143 shares of the railroad operator’s stock valued at $1,922,000 after buying an additional 784 shares in the last quarter. REDW Stanley Financial Advisors LLC raised its holdings in shares of Union Pacific Corporation by 8.8% during the 1st quarter. REDW Stanley Financial Advisors LLC now owns 3,679 shares of the railroad operator’s stock valued at $390,000 after buying an additional 299 shares in the last quarter. Finally, Korea Investment CORP raised its holdings in shares of Union Pacific Corporation by 6.6% during the 1st quarter. Korea Investment CORP now owns 766,911 shares of the railroad operator’s stock valued at $81,231,000 after buying an additional 47,412 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

In other news, EVP Cameron A. Scott sold 17,604 shares of the 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 sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the 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 the consensus estimate of $5.19 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.10%. Union Pacific Corporation’s payout ratio is 43.84%.

A number of brokerages recently weighed in on UNP. Stifel Nicolaus reissued a “hold” rating and set a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research cut Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. reissued a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Wolfe Research cut Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $113.38.

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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)

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