Virtu Financial LLC acquired a new stake in Union Pacific Corporation (NYSE:UNP) during the first quarter, Holdings Channel reports. The institutional investor acquired 2,530 shares of the railroad operator’s stock, valued at approximately $268,000.

A number of other large investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Union Pacific Corporation during the fourth quarter valued at about $116,000. Cable Hill Partners LLC increased its stake in Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares in the last quarter. Northwest Quadrant Wealth Management LLC acquired a new stake in Union Pacific Corporation during the fourth quarter valued at about $135,000. Massey Quick & Co. LLC acquired a new stake in Union Pacific Corporation during the fourth quarter valued at about $137,000. Finally, American National Bank increased its stake in Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock valued at $152,000 after buying an additional 1,265 shares in the last quarter. Institutional investors own 79.22% of the company’s stock.

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

Union Pacific Corporation (NYSE UNP) opened at 111.38 on Friday. The firm’s 50-day moving average price is $109.94 and its 200-day moving average price is $107.17. The firm has a market cap of $89.93 billion, a price-to-earnings ratio of 21.29 and a beta of 0.84. Union Pacific Corporation has a 12 month low of $81.96 and a 12 month high of $115.15.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, April 27th. The railroad operator reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. Union Pacific Corporation had a return on equity of 21.53% and a net margin of 21.37%. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the firm posted $1.16 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Union Pacific Corporation will post $5.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.605 per share. The ex-dividend date is Friday, May 26th. This represents a $2.42 dividend on an annualized basis and a yield of 2.17%. Union Pacific Corporation’s dividend payout ratio is 46.18%.

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Several research firms have issued reports on UNP. Royal Bank Of Canada restated a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Loop Capital restated a “hold” rating and set a $96.00 price objective on shares of Union Pacific Corporation in a report on Wednesday, February 22nd. BMO Capital Markets restated a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, May 30th. Finally, Citigroup Inc. restated a “buy” rating on shares of Union Pacific Corporation in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.85.

About Union Pacific Corporation

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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