First Premier Bank buys $2,668,463 stake in Union Pacific Corporation (UNP)

Union Pacific Corporation (UNP) : First Premier Bank scooped up 588 additional shares in Union Pacific Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 6, 2016. The investment management firm now holds a total of 29,424 shares of Union Pacific Corporation which is valued at $2,668,463.Union Pacific Corporation makes up approximately 2.02% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Summit Financial Wealth Advisors reduced its stake in UNP by selling 157 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 6,245 shares of UNP which is valued at $566,359. Union Pacific Corporation makes up approx 0.23% of Summit Financial Wealth Advisors’s portfolio.Stock Yards Bank Trust Co boosted its stake in UNP in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 8,335 shares of Union Pacific Corporation which is valued at $726,479. Union Pacific Corporation makes up approx 0.10% of Stock Yards Bank Trust Co’s portfolio.New England Research Management reduced its stake in UNP by selling 650 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 9,538 shares of UNP which is valued at $831,332. Union Pacific Corporation makes up approx 0.72% of New England Research Management’s portfolio.Baystate Wealth Management boosted its stake in UNP in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 2,751 shares of Union Pacific Corporation which is valued at $240,272. Union Pacific Corporation makes up approx 0.05% of Baystate Wealth Management’s portfolio.

Union Pacific Corporation opened for trading at $90.71 and hit $91.63 on the upside on Monday, eventually ending the session at $91.39, with a gain of 0.77% or 0.7 points. The heightened volatility saw the trading volume jump to 54,23,185 shares. Company has a market cap of $76,862 M.

On the company’s financial health, Union Pacific Corporation reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.10. The company had revenue of $4829.00 million for the quarter, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. Morgan Stanley Upgraded Union Pacific Corporation on Jun 3, 2016 to ” Overweight”, Price Target of the shares are set at $90.Union Pacific Corporation was Initiated by Credit Agricole to “Sell” on May 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $90 .

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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