Howard Capital Management Decreases Position in Union Pacific Corporation (NYSE:UNP)

Howard Capital Management lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,093 shares of the railroad operator’s stock after selling 200 shares during the period. Howard Capital Management’s holdings in Union Pacific Corporation were worth $1,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Prospera Financial Services Inc boosted its position in Union Pacific Corporation by 0.3% in the first quarter. Prospera Financial Services Inc now owns 2,163 shares of the railroad operator’s stock valued at $230,000 after buying an additional 7 shares during the last quarter. Summit Asset Management LLC boosted its position in Union Pacific Corporation by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after buying an additional 19 shares during the last quarter. Family Firm Inc. boosted its position in Union Pacific Corporation by 0.5% in the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after buying an additional 21 shares during the last quarter. Court Place Advisors LLC boosted its position in Union Pacific Corporation by 0.4% in the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after buying an additional 29 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Union Pacific Corporation by 1.2% in the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after buying an additional 30 shares during the last quarter. 79.88% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Corporation (UNP) traded up 1.71% during trading on Friday, reaching $104.45. 1,558,807 shares of the company’s stock traded hands. The company has a 50-day moving average price of $106.14 and a 200 day moving average price of $107.77. The firm has a market capitalization of $83.60 billion, a PE ratio of 18.94 and a beta of 0.81. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15.

Union Pacific Corporation (NYSE:UNP) last released its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.605 per share. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.

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Several research firms have recently weighed in on UNP. Stifel Nicolaus reissued a “hold” rating and set a $118.00 price objective (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a report on Friday. Citigroup Inc. reaffirmed a “buy” rating and set a $120.00 target price on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, BidaskClub cut shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.20.

In other news, EVP Cameron A. Scott sold 17,604 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 95,470 shares of the company’s stock, valued at $10,272,572. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

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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