Union Pacific Corporation (NYSE:UNP) Shares Sold by Lafayette Investments Inc.

Lafayette Investments Inc. cut its position in Union Pacific Corporation (NYSE:UNP) by 20.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,100 shares of the railroad operator’s stock after selling 525 shares during the period. Lafayette Investments Inc.’s holdings in Union Pacific Corporation were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNP. Cable Hill Partners LLC boosted its position in shares of Union Pacific Corporation by 6.1% in the first quarter. Cable Hill Partners LLC now owns 1,130 shares of the railroad operator’s stock valued at $119,000 after buying an additional 65 shares during the last quarter. American National Bank boosted its position in shares of Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock valued at $152,000 after buying an additional 1,265 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Union Pacific Corporation by 7.6% in the first quarter. Dubuque Bank & Trust Co. now owns 1,464 shares of the railroad operator’s stock valued at $155,000 after buying an additional 104 shares during the last quarter. Arcadia Investment Management Corp MI boosted its position in shares of Union Pacific Corporation by 8.5% in the first quarter. Arcadia Investment Management Corp MI now owns 1,635 shares of the railroad operator’s stock valued at $173,000 after buying an additional 128 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Union Pacific Corporation during the fourth quarter valued at approximately $187,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.

Shares of Union Pacific Corporation (NYSE:UNP) traded up 0.70% on Friday, reaching $103.90. The company’s stock had a trading volume of 3,243,552 shares. The company has a 50 day moving average of $105.52 and a 200 day moving average of $107.56. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $115.15. The stock has a market capitalization of $83.16 billion, a P/E ratio of 18.84 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.605 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.33%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.

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Several analysts have commented on UNP shares. Citigroup Inc. reissued a “buy” rating and set a $120.00 price target on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $102.00 price target (up from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research report on Friday, June 2nd. Finally, Cowen and Company increased their price objective on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. Union Pacific Corporation currently has a consensus rating of “Hold” and a consensus price target of $112.21.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the business’s stock in a transaction dated 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 owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale 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 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.

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

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