Pettee Investors Inc. Has $604,000 Stake in Union Pacific Corporation (UNP)

Pettee Investors Inc. maintained its position in Union Pacific Corporation (NYSE:UNP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,550 shares of the railroad operator’s stock at the end of the second quarter. Pettee Investors Inc.’s holdings in Union Pacific Corporation were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Barings LLC increased its position in shares of Union Pacific Corporation by 357.1% in the 1st quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after buying an additional 37,643 shares in the last quarter. Greystone Managed Investments Inc. increased its position in shares of Union Pacific Corporation by 8.9% in the 2nd quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after buying an additional 6,890 shares in the last quarter. Wallington Asset Management LLC increased its position in shares of Union Pacific Corporation by 0.3% in the 2nd quarter. Wallington Asset Management LLC now owns 88,899 shares of the railroad operator’s stock valued at $9,682,000 after buying an additional 280 shares in the last quarter. Boston Advisors LLC increased its position in shares of Union Pacific Corporation by 19.6% in the 2nd quarter. Boston Advisors LLC now owns 446,672 shares of the railroad operator’s stock valued at $48,647,000 after buying an additional 73,268 shares in the last quarter. Finally, Genesee Valley Trust Co. increased its position in shares of Union Pacific Corporation by 21.5% in the 1st quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Tuesday, August 29th. Union Pacific Corporation’s payout ratio is presently 43.84%.

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A number of analysts recently commented on the stock. BidaskClub upgraded shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 18th. Stifel Nicolaus restated a “hold” rating and issued a $118.00 price objective (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Morgan Stanley cut shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $102.00 to $100.00 in a research report on Monday, October 2nd. J P Morgan Chase & Co upped their price objective on shares of Union Pacific Corporation from $106.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $113.36.

Union Pacific Corporation 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.

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

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