Hartford Financial Management Inc. lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,936 shares of the railroad operator’s stock after selling 136 shares during the quarter. Hartford Financial Management Inc.’s holdings in Union Pacific were worth $2,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Naples Global Advisors LLC boosted its holdings in Union Pacific by 1.1% in the 1st quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock valued at $959,000 after purchasing an additional 60 shares during the period. Community Bank & Trust Waco Texas boosted its holdings in Union Pacific by 0.3% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after purchasing an additional 60 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in Union Pacific by 2.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 60 shares during the period. 1ST Source Bank boosted its holdings in Union Pacific by 1.6% in the 2nd quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock valued at $641,000 after purchasing an additional 61 shares during the period. Finally, Weatherstone Capital Management boosted its holdings in Union Pacific by 3.1% in the 1st quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock valued at $363,000 after purchasing an additional 66 shares during the period. 79.02% of the stock is currently owned by hedge funds and other institutional investors.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William J. Delaney III acquired 5,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The disclosure for this purchase can be found here. Insiders own 9.96% of the company’s stock.

UNP has been the subject of several analyst reports. Deutsche Bank raised their price target on shares of Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James set a $197.00 price target on shares of Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Stifel Nicolaus set a $170.00 price target on shares of Union Pacific and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $182.62.

Union Pacific stock opened at $168.78 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The company has a market capitalization of $118.37 billion, a P/E ratio of 21.34, a PEG ratio of 1.88 and a beta of 1.04. The stock has a fifty day simple moving average of $171.54. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. As a group, analysts predict that Union Pacific Co. will post 8.96 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a yield of 2.30%. Union Pacific’s payout ratio is currently 44.50%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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

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