Princeton Capital Management Inc. cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,422 shares of the railroad operator’s stock after selling 954 shares during the period. Union Pacific Corporation accounts for approximately 1.9% of Princeton Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Princeton Capital Management Inc.’s holdings in Union Pacific Corporation were worth $2,985,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Summit Asset Management LLC lifted its position 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 valued at $763,000 after purchasing an additional 19 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Union Pacific Corporation by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock valued at $716,000 after purchasing an additional 20 shares during the period. Family Firm Inc. lifted its position 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 valued at $443,000 after purchasing an additional 21 shares during the period. Janney Capital Management LLC lifted its position in Union Pacific Corporation by 1.1% during the 2nd quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock valued at $235,000 after purchasing an additional 24 shares during the period. Finally, Tortoise Investment Management LLC lifted its position 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 valued at $269,000 after purchasing an additional 30 shares during the period. Institutional investors own 78.38% of the company’s stock.

A number of research analysts have issued reports on UNP shares. Citigroup Inc. restated a “buy” rating and set a $120.00 target price on shares of Union Pacific Corporation in a research report on Monday, July 10th. BMO Capital Markets restated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Thursday, July 13th. Morgan Stanley cut Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Union Pacific Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $113.26.

Shares of Union Pacific Corporation (NYSE:UNP) opened at 113.95 on Monday. The company’s 50-day moving average price is $109.95 and its 200-day moving average price is $108.16. The company has a market capitalization of $91.20 billion, a PE ratio of 20.67 and a beta of 0.84. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93.

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. On average, equities analysts expect that Union Pacific Corporation will post $5.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.

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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.

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

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