MML Investors Services LLC boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 47.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,683 shares of the railroad operator’s stock after acquiring an additional 10,267 shares during the quarter. MML Investors Services LLC’s holdings in Union Pacific were worth $5,159,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in Union Pacific by 2.8% in the second quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock worth $2,130,275,000 after purchasing an additional 413,967 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Union Pacific by 55.7% in the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after purchasing an additional 1,977,446 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Union Pacific by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock worth $724,075,000 after purchasing an additional 91,243 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Union Pacific by 1.9% in the second quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock worth $526,898,000 after purchasing an additional 68,502 shares during the last quarter. Finally, Egerton Capital UK LLP grew its holdings in Union Pacific by 0.3% in the second quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock worth $464,595,000 after purchasing an additional 10,130 shares during the last quarter. 80.96% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. Bank of America lifted their price target on shares of Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a report on Monday, October 1st. Morgan Stanley lifted their price target on shares of Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Wolfe Research set a $185.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, BMO Capital Markets lifted their price target on shares of Union Pacific to $180.00 and gave the stock an “outperform” rating in a report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $164.88.

In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Shares of UNP opened at $151.42 on Friday. The firm has a market cap of $109.46 billion, a PE ratio of 26.15, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. Union Pacific Co. has a 1-year low of $115.16 and a 1-year high of $165.63.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period in the previous year, the company earned $1.50 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 7.84 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a yield of 2.11%. Union Pacific’s dividend payout ratio is presently 55.27%.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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