Stonebridge Capital Advisors LLC lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 11.6% during the first quarter, Holdings Channel reports. The firm owned 7,642 shares of the railroad operator’s stock after selling 1,000 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Union Pacific Corporation were worth $809,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 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 worth $101,000 after buying an additional 691 shares during the period. 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 worth $108,000 after buying an additional 501 shares during the period. 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 worth $119,000 after buying an additional 65 shares during the period. 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 worth $122,000 after buying an additional 686 shares during the period. Finally, American National Bank boosted its stake in shares of Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock worth $152,000 after buying an additional 1,265 shares during the period. Hedge funds and other institutional investors own 79.94% of the company’s stock.

Shares of Union Pacific Corporation (UNP) traded up 0.90% during trading on Wednesday, reaching $105.79. The company’s stock had a trading volume of 792,744 shares. The firm’s 50-day moving average is $105.84 and its 200-day moving average is $107.64. The stock has a market capitalization of $84.67 billion, a PE ratio of 19.19 and a beta of 0.81. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is presently 43.84%.

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A number of brokerages have recently commented on UNP. BMO Capital Markets restated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a report on Friday, August 11th. BidaskClub lowered Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Wolfe Research lowered Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Union Pacific Corporation has a consensus rating of “Hold” and an average price target of $112.10.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the completion of the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

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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