Founders Capital Management LLC maintained its stake in shares of Union Pacific Corporation (NYSE:UNP) during the second quarter, Holdings Channel reports. The firm owned 38,379 shares of the railroad operator’s stock at the end of the second quarter. Union Pacific Corporation comprises approximately 2.1% of Founders Capital Management LLC’s portfolio, making the stock its 20th largest position. Founders Capital Management LLC’s holdings in Union Pacific Corporation were worth $4,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Advantage Investment Management LLC boosted its stake in shares of Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares during the last quarter. Cable Hill Partners LLC boosted its stake in shares of 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 during the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

Union Pacific Corporation (UNP) traded up 0.86% during midday trading on Friday, reaching $103.57. The company had a trading volume of 3,340,923 shares. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The stock has a market capitalization of $82.90 billion, a PE ratio of 18.78 and a beta of 0.81. The company has a 50-day moving average of $106.03 and a 200-day moving average of $107.74.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share 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 company 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 company posted $1.17 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.605 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 annualized dividend and a dividend yield of 2.34%. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.

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Several analysts recently commented on the company. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report on Friday. BidaskClub cut Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. restated a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a report on Monday, July 10th. Finally, Cowen and Company increased their price target on Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $112.10.

In related news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction that occurred on 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 directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

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

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