Cadence Bank NA grew its position in Union Pacific Corporation (NYSE:UNP) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,317 shares of the railroad operator’s stock after acquiring an additional 478 shares during the quarter. Cadence Bank NA’s holdings in Union Pacific Corporation were worth $1,232,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of UNP. Daiwa Securities Group Inc. increased its stake in Union Pacific Corporation by 12.2% in the second quarter. Daiwa Securities Group Inc. now owns 226,560 shares of the railroad operator’s stock valued at $24,675,000 after purchasing an additional 24,710 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Union Pacific Corporation by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock valued at $716,000 after buying an additional 20 shares during the last quarter. Telos Capital Management Inc. raised its holdings in shares of Union Pacific Corporation by 2.6% in the second quarter. Telos Capital Management Inc. now owns 30,578 shares of the railroad operator’s stock valued at $3,330,000 after buying an additional 763 shares during the last quarter. Exchange Capital Management Inc. raised its holdings in shares of Union Pacific Corporation by 32.9% in the second quarter. Exchange Capital Management Inc. now owns 11,214 shares of the railroad operator’s stock valued at $1,221,000 after buying an additional 2,777 shares during the last quarter. Finally, Lourd Capital LLC raised its holdings in shares of Union Pacific Corporation by 10.1% in the second quarter. Lourd Capital LLC now owns 2,774 shares of the railroad operator’s stock valued at $302,000 after buying an additional 255 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.

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Several brokerages have recently weighed in on UNP. Stifel Nicolaus increased their target price on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 price target on shares of Union Pacific Corporation in a research report on Friday, August 25th. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, September 15th. BidaskClub downgraded Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Union Pacific Corporation has an average rating of “Hold” and an average target price of $113.26.

Shares of Union Pacific Corporation (NYSE:UNP) opened at 114.89 on Wednesday. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $116.93. The stock’s 50 day moving average price is $109.16 and its 200 day moving average price is $108.01. The stock has a market cap of $91.96 billion, a price-to-earnings ratio of 20.84 and a beta of 0.84.

Union Pacific Corporation (NYSE:UNP) last announced its 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 business had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post $5.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.11%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.

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.

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

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