Chesley Taft & Associates LLC boosted its stake in Union Pacific Corp. (NYSE:UNP) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,965 shares of the railroad operator’s stock after buying an additional 1,600 shares during the period. Chesley Taft & Associates LLC’s holdings in Union Pacific Corp. were worth $4,185,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. boosted its stake in Union Pacific Corp. by 0.3% in the second quarter. Stock Yards Bank & Trust Co. now owns 8,335 shares of the railroad operator’s stock valued at $727,000 after buying an additional 26 shares in the last quarter. Evanson Asset Management LLC boosted its stake in Union Pacific Corp. by 1.0% in the second quarter. Evanson Asset Management LLC now owns 4,677 shares of the railroad operator’s stock valued at $408,000 after buying an additional 45 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Union Pacific Corp. by 0.8% in the first quarter. Canandaigua National Bank & Trust Co. now owns 6,514 shares of the railroad operator’s stock valued at $518,000 after buying an additional 50 shares in the last quarter. Ronna Sue Cohen boosted its stake in Union Pacific Corp. by 0.7% in the second quarter. Ronna Sue Cohen now owns 8,330 shares of the railroad operator’s stock valued at $727,000 after buying an additional 56 shares in the last quarter. Finally, Cim LLC boosted its stake in Union Pacific Corp. by 2.1% in the second quarter. Cim LLC now owns 2,958 shares of the railroad operator’s stock valued at $258,000 after buying an additional 60 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.

Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.60% during midday trading on Friday, reaching $92.38. 5,185,704 shares of the company’s stock traded hands. The firm has a market capitalization of $76.94 billion, a P/E ratio of 17.99 and a beta of 0.92. The stock’s 50 day moving average price is $94.09 and its 200 day moving average price is $87.14. Union Pacific Corp. has a 52-week low of $67.06 and a 52-week high of $98.28.

Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, July 21st. The railroad operator reported $1.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.17. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. The firm earned $4.77 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same period in the prior year, the company posted $1.38 earnings per share. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Union Pacific Corp. will post $5.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.20 annualized dividend and a yield of 2.38%. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Union Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group AG reissued a “buy” rating and issued a $106.00 target price on shares of Union Pacific Corp. in a research report on Tuesday, September 13th. Citigroup Inc. set a $106.00 target price on shares of Union Pacific Corp. and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Barclays PLC raised their target price on shares of Union Pacific Corp. from $91.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, September 12th. Finally, Vetr raised shares of Union Pacific Corp. from a “sell” rating to a “hold” rating and set a $91.25 target price on the stock in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $95.62.

In other Union Pacific Corp. news, EVP Robert M. Knight, Jr. sold 10,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the completion of the transaction, the executive vice president now directly owns 150,660 shares in the company, valued at $14,348,858.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $97.00, for a total value of $485,000.00. Following the transaction, the executive vice president now owns 150,660 shares of the company’s stock, valued at $14,614,020. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Union Pacific Corp. Company Profile

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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