Harvey Investment Co. LLC continued to hold its stake in Union Pacific Corporation (NYSE:UNP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the railroad operator’s stock at the end of the second quarter. Harvey Investment Co. LLC’s holdings in Union Pacific Corporation were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UNP. Cue Financial Group Inc. increased its stake in Union Pacific Corporation by 1.8% in the second quarter. Cue Financial Group Inc. now owns 5,649 shares of the railroad operator’s stock worth $615,000 after buying an additional 99 shares during the period. Argus Investors Counsel Inc. increased its stake in Union Pacific Corporation by 5.1% in the second quarter. Argus Investors Counsel Inc. now owns 41,733 shares of the railroad operator’s stock worth $4,545,000 after buying an additional 2,013 shares during the period. Mutual of Omaha Bank Wealth Management increased its stake in Union Pacific Corporation by 2.1% in the second quarter. Mutual of Omaha Bank Wealth Management now owns 5,995 shares of the railroad operator’s stock worth $653,000 after buying an additional 125 shares during the period. Greenleaf Trust increased its stake in Union Pacific Corporation by 2.8% in the second quarter. Greenleaf Trust now owns 2,892 shares of the railroad operator’s stock worth $315,000 after buying an additional 80 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Union Pacific Corporation by 134.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 121,489 shares of the railroad operator’s stock worth $13,083,000 after buying an additional 69,707 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

Shares of Union Pacific Corporation (UNP) traded up 1.02% during midday trading on Tuesday, reaching $105.01. 2,004,194 shares of the company’s stock traded hands. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The firm has a market capitalization of $84.05 billion, a PE ratio of 19.04 and a beta of 0.81. The stock’s 50-day moving average price is $105.10 and its 200 day moving average price is $107.47.

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 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 the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business earned $1.17 EPS. Union Pacific Corporation’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

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

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Several equities analysts have recently weighed in on UNP shares. Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 target price (up previously from $112.00) on shares of Union Pacific Corporation in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research note on Tuesday, May 30th. BidaskClub downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group lifted their target price on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $116.00 target price on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $113.22.

In other news, EVP Cameron A. Scott sold 17,604 shares of the 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 transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Union Pacific Corporation Company Profile

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.

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

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