Barnett & Company Inc. reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,552 shares of the railroad operator’s stock after selling 1,120 shares during the quarter. Union Pacific Corporation makes up 1.7% of Barnett & Company Inc.’s holdings, making the stock its 15th largest position. Barnett & Company Inc.’s holdings in Union Pacific Corporation were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Waldron LP raised its holdings in Union Pacific Corporation by 52.7% in the first quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock worth $406,000 after purchasing an additional 1,353 shares in the last quarter. Polaris Greystone Financial Group LLC lifted its position in shares of Union Pacific Corporation by 1.9% during the first quarter. Polaris Greystone Financial Group LLC now owns 173,394 shares of the railroad operator’s stock valued at $18,366,000 after buying an additional 3,189 shares during the last quarter. Kanawha Capital Management LLC lifted its position in shares of Union Pacific Corporation by 7.7% during the first quarter. Kanawha Capital Management LLC now owns 2,509 shares of the railroad operator’s stock valued at $266,000 after buying an additional 180 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Union Pacific Corporation by 33.2% during the first quarter. Russell Investments Group Ltd. now owns 1,521,475 shares of the railroad operator’s stock valued at $161,139,000 after buying an additional 379,592 shares during the last quarter. Finally, First Midwest Bank Trust Division lifted its position in shares of Union Pacific Corporation by 4.0% during the first quarter. First Midwest Bank Trust Division now owns 6,535 shares of the railroad operator’s stock valued at $692,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Shares of Union Pacific Corporation (NYSE:UNP) opened at 114.89 on Wednesday. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $116.93. The firm has a market capitalization of $91.96 billion, a PE ratio of 20.84 and a beta of 0.84. The firm’s 50-day moving average is $109.16 and its 200 day moving average is $108.01.

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 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 firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Union Pacific Corporation’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Union Pacific Corporation will post $5.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.

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In other news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction dated 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 sale, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

UNP has been the topic of a number of recent analyst reports. BidaskClub cut shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. 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 research note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and set a $102.00 price objective (up previously from $100.00) on shares of Union Pacific Corporation in a research note on Monday, July 10th. Deutsche Bank AG lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $132.00 to $110.00 in a research note on Friday, July 21st. Finally, BMO Capital Markets reissued a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $113.26.

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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