Palisade Asset Management LLC continued to hold its position in Union Pacific Corporation (NYSE:UNP) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,203 shares of the railroad operator’s stock at the end of the first quarter. Palisade Asset Management LLC’s holdings in Union Pacific Corporation were worth $445,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in UNP. Prospera Financial Services Inc boosted its position in Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock worth $230,000 after buying an additional 7 shares during the period. Court Place Advisors LLC boosted its position in Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock worth $795,000 after buying an additional 29 shares during the period. Stearns Financial Services Group boosted its position in Union Pacific Corporation by 0.6% in the fourth quarter. Stearns Financial Services Group now owns 7,127 shares of the railroad operator’s stock worth $739,000 after buying an additional 41 shares during the period. Integrated Wealth Management boosted its position in Union Pacific Corporation by 1.5% in the first quarter. Integrated Wealth Management now owns 2,925 shares of the railroad operator’s stock worth $310,000 after buying an additional 44 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Union Pacific Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 14,144 shares of the railroad operator’s stock worth $1,486,000 after buying an additional 49 shares during the period. 79.22% of the stock is currently owned by institutional investors.

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

Shares of Union Pacific Corporation (NYSE:UNP) opened at 111.38 on Friday. The stock 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 52 week low of $81.96 and a 52 week high of $115.15. The stock’s 50 day moving average is $109.94 and its 200 day moving average is $107.17.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be paid a $0.605 dividend. The ex-dividend date is Friday, May 26th. This represents a $2.42 annualized dividend and a dividend yield of 2.17%. Union Pacific Corporation’s dividend payout ratio is presently 46.18%.

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A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Union Pacific Corporation in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 price objective on the stock. Cowen and Company increased their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research report on Friday, April 28th. Citigroup Inc. reissued a “buy” rating on shares of Union Pacific Corporation in a research report on Thursday, March 30th. BMO Capital Markets reissued a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target 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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