Manning & Napier Advisors LLC boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 18.2% during the second quarter, Holdings Channel reports. The institutional investor owned 139,338 shares of the railroad operator’s stock after buying an additional 21,447 shares during the period. Manning & Napier Advisors LLC’s holdings in Union Pacific Corporation were worth $15,173,000 at the end of the most recent quarter.

A number of other hedge funds have 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 worth $101,000 after buying an additional 691 shares in 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 worth $108,000 after buying an additional 501 shares in 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 worth $111,000 after buying an additional 274 shares in 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 worth $119,000 after buying an additional 65 shares in 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 worth $122,000 after buying an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 79.88% of the company’s stock.

Shares of Union Pacific Corporation (NYSE:UNP) traded up 1.79% during midday trading on Friday, hitting $104.53. 1,666,999 shares of the company traded hands. The stock has a 50 day moving average of $106.14 and a 200-day moving average of $107.77. The stock has a market capitalization of $83.66 billion, a PE ratio of 18.96 and a beta of 0.81. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal 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 given a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.

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A number of analysts have commented on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday. BidaskClub cut shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. restated a “buy” rating and set a $120.00 target price on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Cowen and Company raised their target price on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. Union Pacific Corporation has an average rating of “Hold” and a consensus price target of $112.20.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the transaction, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is 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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