Canada Pension Plan Investment Board acquired a new stake in Union Pacific Corporation (NYSE:UNP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,024,549 shares of the railroad operator's stock, valued at approximately $1,094,677,000. Canada Pension Plan Investment Board owned approximately 0.68% of Union Pacific as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its stake in Union Pacific by 4.3% during the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock valued at $6,090,674,000 after purchasing an additional 1,082,285 shares during the period. Capital World Investors grew its holdings in Union Pacific by 92.1% during the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after buying an additional 9,655,306 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Union Pacific by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock valued at $3,552,550,000 after buying an additional 296,814 shares during the last quarter. Bank of America Corp DE raised its position in shares of Union Pacific by 16.8% during the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock valued at $3,509,030,000 after buying an additional 2,084,808 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Union Pacific by 5.0% in the fourth quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator's stock worth $2,922,971,000 after buying an additional 602,647 shares in the last quarter. Institutional investors own 80.38% of the company's stock.
Insiders Place Their Bets
In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Susquehanna raised their price objective on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their target price on Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Benchmark boosted their price target on shares of Union Pacific from $325.00 to $335.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average target price of $320.89.
View Our Latest Research Report on Union Pacific
Union Pacific Trading Up 0.1%
Shares of UNP stock opened at $310.11 on Wednesday. The company has a market cap of $184.23 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.16 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The stock's 50 day simple moving average is $287.99 and its two-hundred day simple moving average is $268.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.
Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the previous year, the company posted $3.03 EPS. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.
Union Pacific Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific's dividend payout ratio (DPR) is presently 44.70%.
About Union Pacific
(
Free Report)
Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
Further Reading
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