Benjamin F. Edwards & Company Inc. Sells 662 Shares of Union Pacific Corporation (UNP)

Benjamin F. Edwards & Company Inc. cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,863 shares of the railroad operator’s stock after selling 662 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Union Pacific Corporation were worth $1,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Asset Management LLC grew its holdings in shares of Union Pacific Corporation by 0.3% during the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock worth $763,000 after buying an additional 19 shares in the last quarter. Family Firm Inc. grew its holdings in shares of Union Pacific Corporation by 0.5% during the first quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock worth $443,000 after buying an additional 21 shares in the last quarter. Court Place Advisors LLC grew its holdings in shares of Union Pacific Corporation by 0.4% during the first quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock worth $795,000 after buying an additional 29 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Union Pacific Corporation by 1.2% during the first quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock worth $269,000 after buying an additional 30 shares in the last quarter. Finally, Highland Private Wealth Management grew its holdings in shares of Union Pacific Corporation by 1.6% during the first quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock worth $210,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 78.56% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Royal Bank Of Canada restated a “hold” rating and issued a $115.00 target price on shares of Union Pacific Corporation in a report on Friday, August 25th. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a report on Friday. BidaskClub downgraded shares of Union Pacific Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $113.22.

In other Union Pacific Corporation 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 $10,272,572. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Union Pacific Corporation (UNP) opened at 113.40 on Friday. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. The firm has a market capitalization of $90.76 billion, a PE ratio of 20.57 and a beta of 0.81. The stock’s 50 day moving average is $105.02 and its 200-day moving average is $107.33.

Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts expect that Union Pacific Corporation will post $5.79 earnings per share for the current 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 issued a dividend of $0.605 per share. 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 presently 43.84%.

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Union Pacific Corporation 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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