Union Pacific Corporation (UNP) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its position in shares of Union Pacific Corporation (NYSE:UNP) by 147.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,152 shares of the railroad operator’s stock after purchasing an additional 686 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Union Pacific Corporation were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Summit Asset Management LLC grew its position in Union Pacific Corporation by 0.3% during the 1st quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock valued at $763,000 after purchasing an additional 19 shares during the last quarter. Family Firm Inc. grew its position in Union Pacific Corporation by 0.5% during the 1st quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock valued at $443,000 after purchasing an additional 21 shares during the last quarter. Court Place Advisors LLC grew its position in Union Pacific Corporation by 0.4% during the 1st quarter. Court Place Advisors LLC now owns 7,506 shares of the railroad operator’s stock valued at $795,000 after purchasing an additional 29 shares during the last quarter. Tortoise Investment Management LLC grew its position in Union Pacific Corporation by 1.2% during the 1st quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock valued at $269,000 after purchasing an additional 30 shares during the last quarter. Finally, Highland Private Wealth Management grew its position in Union Pacific Corporation by 1.6% during the 1st quarter. Highland Private Wealth Management now owns 1,978 shares of the railroad operator’s stock valued at $210,000 after purchasing an additional 32 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 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 value of $1,894,190.40. Following the sale, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Several brokerages recently commented on UNP. Royal Bank Of Canada reissued a “hold” rating and set a $116.00 price objective on shares of Union Pacific Corporation in a research report on Friday, June 2nd. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, June 2nd. 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. Credit Suisse Group raised their price target on shares of Union Pacific Corporation from $129.00 to $131.00 and gave the company a “buy” rating in a report on Friday, May 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $113.22.

Shares of Union Pacific Corporation (UNP) traded up 1.15% during trading on Friday, hitting $112.14. 3,178,613 shares of the stock traded hands. Union Pacific Corporation has a 52-week low of $87.06 and a 52-week high of $115.15. The firm has a market cap of $89.76 billion, a price-to-earnings ratio of 20.34 and a beta of 0.81. The stock has a 50 day moving average of $104.68 and a 200 day moving average of $107.29.

Union Pacific Corporation (NYSE:UNP) last issued its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. Union Pacific Corporation’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Analysts expect that Union Pacific Corporation will post $5.79 EPS for the current 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 dividend on an annualized basis and a yield of 2.18%. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.

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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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