Union Pacific Corporation (UNP) Stake Decreased by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,345 shares of the railroad operator’s stock after selling 10,945 shares during the quarter. Metropolitan Life Insurance Co. NY owned approximately 0.05% of Union Pacific Corporation worth $43,252,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advantage Investment Management LLC grew its holdings 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 purchasing an additional 691 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings 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 purchasing an additional 501 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings 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 purchasing an additional 686 shares during the last quarter. Dubuque Bank & Trust Co. grew its holdings in 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 worth $155,000 after purchasing an additional 104 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its holdings in 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 worth $173,000 after purchasing an additional 128 shares during the last quarter. 78.56% of the stock is currently owned by institutional investors.

In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s 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 transaction, the executive vice president now directly owns 95,470 shares of the company’s stock, valued at $10,272,572. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Union Pacific Corporation (NYSE UNP) traded up 2.29% during mid-day trading on Friday, hitting $113.40. 8,269,901 shares of the stock were exchanged. Union Pacific Corporation has a one year low of $87.06 and a one year high of $115.15. The company has a market cap of $90.76 billion, a P/E ratio of 20.57 and a beta of 0.81. The company has a 50-day moving average price of $105.02 and a 200-day moving average price of $107.33.

Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $1.17 earnings per share. Union Pacific Corporation’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 annualized dividend and a yield of 2.13%. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 43.84%.

Several equities analysts have issued reports on UNP shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 price target (up from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, May 30th. BidaskClub downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Credit Suisse Group lifted their price objective on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $113.38.

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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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