Fiduciary Trust Co. Lowers Position in Union Pacific Corporation (NYSE:UNP)

Fiduciary Trust Co. trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 190,652 shares of the railroad operator’s stock after selling 15,421 shares during the quarter. Fiduciary Trust Co.’s holdings in Union Pacific Corporation were worth $20,194,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Advantage Investment Management LLC increased its holdings in Union Pacific Corporation by 263.7% during the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after buying an additional 691 shares during the period. 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.

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 raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, May 30th. BidaskClub lowered shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a report 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.

In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the company’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

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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 50-day moving average price of $105.02 and a 200-day moving average price of $107.33. The company has a market cap of $90.76 billion, a P/E ratio of 20.57 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. Analysts forecast that Union Pacific Corporation will post $5.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 yield of 2.13%. Union Pacific Corporation’s payout ratio is currently 43.84%.

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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