The Shelter Ins Retirement Plan decides to keep it stake in Union Pacific Corp. (UNP) to the level of $10,715,000

The Shelter Ins Retirement Plan decides to keep it stake in Union Pacific Corp. (UNP) to the level of $10,715,000

Shelter Ins Retirement Plan maintained its position in Union Pacific Corp. (NYSE:UNP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,812 shares of the railroad operator’s stock at the end of the second quarter. Union Pacific Corp. accounts for about 4.9% of Shelter Ins Retirement Plan’s holdings, making the stock its largest position. Shelter Ins Retirement Plan’s holdings in Union Pacific Corp. were worth $10,715,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. First National Trust Co. increased its position in shares of Union Pacific Corp. by 7.6% in the second quarter. First National Trust Co. now owns 21,124 shares of the railroad operator’s stock valued at $1,843,000 after buying an additional 1,500 shares during the period. ING Groep NV purchased a new position in shares of Union Pacific Corp. during the second quarter valued at about $8,891,000. Traynor Capital Management Inc. increased its position in shares of Union Pacific Corp. by 7.0% in the second quarter. Traynor Capital Management Inc. now owns 2,691 shares of the railroad operator’s stock valued at $234,000 after buying an additional 176 shares during the period. Calamos Wealth Management LLC increased its position in shares of Union Pacific Corp. by 8.9% in the second quarter. Calamos Wealth Management LLC now owns 27,090 shares of the railroad operator’s stock valued at $2,364,000 after buying an additional 2,208 shares during the period. Finally, Armstrong Henry H Associates Inc. increased its position in shares of Union Pacific Corp. by 53.5% in the second quarter. Armstrong Henry H Associates Inc. now owns 18,880 shares of the railroad operator’s stock valued at $1,647,000 after buying an additional 6,580 shares during the period. 78.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Union Pacific Corp. (NYSE:UNP) traded down 0.28% on Friday, hitting $98.07. The stock had a trading volume of 3,275,299 shares. The stock’s 50-day moving average price is $95.28 and its 200 day moving average price is $88.93. Union Pacific Corp. has a 52 week low of $67.06 and a 52 week high of $98.84. The company has a market cap of $81.68 billion, a PE ratio of 19.09 and a beta of 0.84.

Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings results on Thursday, July 21st. The railroad operator reported $1.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.17. The company had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.80 billion. Union Pacific Corp. had a return on equity of 21.29% and a net margin of 21.48%. Union Pacific Corp.’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. On average, analysts predict that Union Pacific Corp. will post $5.04 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, August 29th. Union Pacific Corp.’s dividend payout ratio is currently 42.80%.

Several equities research analysts recently weighed in on UNP shares. Vetr downgraded shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price objective for the company. in a report on Wednesday, August 17th. Zacks Investment Research raised shares of Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Tuesday. Citigroup Inc. set a $106.00 price objective on shares of Union Pacific Corp. and gave the stock a “buy” rating in a report on Tuesday, September 13th. Barclays PLC upped their price objective on shares of Union Pacific Corp. from $91.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Finally, Argus reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Union Pacific Corp. in a report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. Union Pacific Corp. has an average rating of “Hold” and an average price target of $96.12.

In other news, EVP Robert M. Knight, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the sale, the executive vice president now owns 150,660 shares of the company’s stock, valued at $14,348,858.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 5,000 shares of Union Pacific Corp. stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total value of $485,000.00. Following the completion of the sale, the executive vice president now directly owns 150,660 shares in the company, valued at approximately $14,614,020. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Union Pacific Corp. Company Profile

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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