Earnest Partners LLC Has $19.11 Million Position in Union Pacific Corporation (UNP)

Earnest Partners LLC decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 17.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,382 shares of the railroad operator’s stock after selling 37,122 shares during the period. Earnest Partners LLC’s holdings in Union Pacific Corporation were worth $19,106,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC raised its stake in Union Pacific Corporation by 263.7% in the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after buying an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock worth $108,000 after buying an additional 501 shares in the last quarter. Cable Hill Partners LLC raised its stake in 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 worth $119,000 after buying an additional 65 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock worth $122,000 after buying an additional 686 shares in the last quarter. Finally, American National Bank raised its stake in Union Pacific Corporation by 757.5% in the first quarter. American National Bank now owns 1,432 shares of the railroad operator’s stock worth $152,000 after buying an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

Shares of Union Pacific Corporation (UNP) traded up 0.86% during trading on Friday, reaching $103.57. 3,340,923 shares of the company’s stock traded hands. The company has a 50 day moving average price of $106.03 and a 200-day moving average price of $107.74. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The stock has a market cap of $82.90 billion, a P/E ratio of 18.78 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last announced its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post $5.79 EPS 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 given a dividend of $0.605 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.34%. Union Pacific Corporation’s dividend payout ratio (DPR) is 43.84%.

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A number of research firms have weighed in on UNP. BMO Capital Markets restated a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday. BidaskClub lowered shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. reiterated a “buy” rating and issued a $120.00 price target on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, Cowen and Company lifted their price target on shares of Union Pacific Corporation from $109.00 to $117.00 and gave the stock a “market perform” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $112.10.

In other news, EVP Cameron A. Scott sold 17,604 shares of the stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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.

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

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