US Bancorp DE trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 989,261 shares of the railroad operator’s stock after selling 31,904 shares during the period. US Bancorp DE owned 0.13% of Union Pacific worth $140,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in Union Pacific by 69.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,019,393 shares of the railroad operator’s stock valued at $674,758,000 after acquiring an additional 2,049,128 shares in the last quarter. Bank of Montreal Can purchased a new position in Union Pacific in the second quarter valued at about $192,080,000. Fred Alger Management Inc. boosted its stake in shares of Union Pacific by 89.6% during the 2nd quarter. Fred Alger Management Inc. now owns 2,791,161 shares of the railroad operator’s stock worth $395,452,000 after acquiring an additional 1,319,274 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Union Pacific by 14,325.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 742,195 shares of the railroad operator’s stock worth $5,188,000 after acquiring an additional 737,050 shares in the last quarter. Finally, Swedbank bought a new stake in shares of Union Pacific during the 2nd quarter worth about $103,678,000. Institutional investors own 80.45% of the company’s stock.

In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Several research firms have commented on UNP. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, July 18th. Cowen reissued a “hold” rating and issued a $151.00 target price on shares of Union Pacific in a report on Thursday, July 19th. Royal Bank of Canada restated a “hold” rating and set a $145.00 price target on shares of Union Pacific in a research report on Friday, July 20th. Deutsche Bank lowered Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 price objective on the stock. in a research report on Tuesday, August 14th. Finally, Credit Suisse Group decreased their price objective on Union Pacific from $169.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $147.35.

UNP traded up $0.78 during trading on Friday, hitting $157.41. 2,510,251 shares of the stock traded hands, compared to its average volume of 3,480,697. Union Pacific Co. has a twelve month low of $108.71 and a twelve month high of $157.95. The company has a market cap of $116.09 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.90 and a beta of 0.81. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. analysts expect that Union Pacific Co. will post 7.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be paid a $0.80 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, August 30th. This represents a $3.20 annualized dividend and a dividend yield of 2.03%. Union Pacific’s payout ratio is currently 55.27%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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