BB&T Securities LLC Has $14.50 Million Holdings in Union Pacific Corporation (UNP)

BB&T Securities LLC boosted its stake in Union Pacific Corporation (NYSE:UNP) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,173 shares of the railroad operator’s stock after purchasing an additional 2,875 shares during the quarter. BB&T Securities LLC’s holdings in Union Pacific Corporation were worth $14,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of UNP. AQR Capital Management LLC raised its holdings in shares of Union Pacific Corporation by 212.5% in the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after acquiring an additional 1,623,701 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Union Pacific Corporation by 102.4% in the 1st quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after acquiring an additional 1,239,636 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Union Pacific Corporation by 11,520.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock valued at $10,357,000 after acquiring an additional 1,118,274 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Union Pacific Corporation by 82.9% in the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after acquiring an additional 1,007,720 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Union Pacific Corporation in the 1st quarter valued at about $92,495,000. Institutional investors and hedge funds own 78.39% of the company’s stock.

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A number of brokerages recently weighed in on UNP. Citigroup Inc. reissued a “buy” rating and set a $120.00 price objective on shares of Union Pacific Corporation in a report on Monday, July 10th. Zacks Investment Research cut Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $102.00 price objective (up from $100.00) on shares of Union Pacific Corporation in a report on Monday, July 10th. Aegis cut Union Pacific Corporation from a “buy” rating to a “hold” rating and raised their price objective for the company from $120.00 to $122.00 in a report on Tuesday, October 10th. Finally, BMO Capital Markets reissued a “buy” rating and set a $123.00 price objective on shares of Union Pacific Corporation in a report on Friday, September 15th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.34.

Union Pacific Corporation (NYSE:UNP) opened at 112.90 on Wednesday. The firm’s 50-day moving average price is $112.32 and its 200-day moving average price is $108.80. Union Pacific Corporation has a 52 week low of $87.06 and a 52 week high of $116.93. The stock has a market cap of $90.36 billion, a PE ratio of 20.48 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were given a $0.605 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a dividend yield of 2.14%. Union Pacific Corporation’s payout ratio is 43.84%.

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.

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

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