Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,575 shares of the railroad operator’s stock after selling 3,319 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Union Pacific Corporation were worth $13,089,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of the stock. Blue Chip Partners Inc. raised its position in Union Pacific Corporation by 9.1% in the first quarter. Blue Chip Partners Inc. now owns 8,420 shares of the railroad operator’s stock valued at $892,000 after buying an additional 699 shares in the last quarter. State of Tennessee Treasury Department raised its position in Union Pacific Corporation by 1.8% in the first quarter. State of Tennessee Treasury Department now owns 555,084 shares of the railroad operator’s stock valued at $58,795,000 after buying an additional 9,583 shares in the last quarter. Summit Asset Management LLC raised 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 in the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in Union Pacific Corporation during the first quarter valued at $213,000. Finally, Hodges Capital Management Inc. raised its position in Union Pacific Corporation by 1.1% in the first quarter. Hodges Capital Management Inc. now owns 12,281 shares of the railroad operator’s stock valued at $1,301,000 after buying an additional 132 shares in the last quarter. Institutional investors own 79.94% of the company’s stock.
Union Pacific Corporation (NYSE:UNP) traded up 0.70% on Friday, hitting $103.90. The stock had a trading volume of 3,243,552 shares. The company has a market capitalization of $83.16 billion, a PE ratio of 18.84 and a beta of 0.81. Union Pacific Corporation has a 12-month low of $87.06 and a 12-month high of $115.15. The company has a 50 day moving average of $105.52 and a 200 day moving average of $107.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.605 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.33%. Union Pacific Corporation’s payout ratio is 43.84%.
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Several equities analysts recently commented on UNP shares. Stifel Nicolaus boosted their price target on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday. BidaskClub raised Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research report on Friday, August 11th. Wolfe Research downgraded Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $112.21.
In related news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
About Union Pacific Corporation
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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