Union Pacific Co. (UNP) Shares Sold by Investment Centers of America Inc.

Investment Centers of America Inc. lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,212 shares of the railroad operator’s stock after selling 2,771 shares during the quarter. Investment Centers of America Inc.’s holdings in Union Pacific were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp increased its position in shares of Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock worth $109,803,000 after acquiring an additional 134,950 shares during the period. Community Bank N.A. increased its position in shares of Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after acquiring an additional 45 shares during the period. Northeast Investment Management increased its position in shares of Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock worth $30,305,000 after acquiring an additional 7,663 shares during the period. Barings LLC increased its position in shares of Union Pacific by 357.1% during the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock worth $5,104,000 after acquiring an additional 37,643 shares during the period. Finally, Greystone Managed Investments Inc. increased its position in shares of Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock worth $9,161,000 after acquiring an additional 6,890 shares during the period. 79.80% of the stock is currently owned by institutional investors and hedge funds.

UNP has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price objective on shares of Union Pacific in a research report on Friday, September 15th. Argus upped their price objective on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research report on Wednesday, November 1st. Morgan Stanley downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, Aegis downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and boosted their target price for the stock from $120.00 to $122.00 in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $117.59.

Union Pacific Co. (NYSE:UNP) traded up $0.39 during midday trading on Friday, reaching $118.25. 1,302,832 shares of the company’s stock traded hands, compared to its average volume of 2,688,205. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a one year low of $100.10 and a one year high of $119.71. The firm has a market capitalization of $93,082.73, a P/E ratio of 20.89, a PEG ratio of 1.92 and a beta of 0.87.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.01. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. Union Pacific’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts anticipate that Union Pacific Co. will post 5.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.665 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 annualized dividend and a dividend yield of 2.25%. Union Pacific’s dividend payout ratio is 42.76%.

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Union Pacific 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 (NYSE:UNP)

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