Northern Trust Corp reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,825,407 shares of the railroad operator’s stock after selling 172,752 shares during the period. Northern Trust Corp owned 1.19% of Union Pacific worth $1,250,383,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Union Pacific by 2.8% in the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after purchasing an additional 413,967 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Union Pacific by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock valued at $782,980,000 after purchasing an additional 1,977,446 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Union Pacific by 1.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock valued at $724,075,000 after purchasing an additional 91,243 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Union Pacific by 1.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock valued at $526,898,000 after purchasing an additional 68,502 shares during the last quarter. Finally, Egerton Capital UK LLP lifted its stake in shares of Union Pacific by 0.3% in the 2nd quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock valued at $464,595,000 after purchasing an additional 10,130 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research note on Tuesday. Bank of America boosted their target price on shares of Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Barclays reissued a “buy” rating and set a $180.00 target price on shares of Union Pacific in a research report on Wednesday, September 26th. BMO Capital Markets boosted their target price on shares of Union Pacific to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. Finally, Credit Suisse Group boosted their target price on shares of Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $160.94.

In related news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares in the company, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Shares of UNP traded up $0.56 during trading hours on Friday, reaching $152.65. 5,294,852 shares of the company traded hands, compared to its average volume of 4,332,152. The firm has a market capitalization of $120.41 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. Union Pacific Co. has a 1-year low of $108.71 and a 1-year high of $165.63.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. As a group, equities analysts forecast that Union Pacific Co. will post 7.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.10%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio is currently 55.27%.

About Union Pacific

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.

Recommended Story: Exchange-Traded Funds (ETFs)

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

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.