OMERS ADMINISTRATION Corp Buys Shares of 285,139 Union Pacific Corporation $UNP

Key Points

• OMERS Administration Corp. acquired 285,139 Union Pacific shares during the second quarter, valued at approximately $77.6 million. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific reported quarterly EPS of $3.41, exceeding estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.
• The company increased its quarterly dividend from $1.38 to $1.42 per share, implying an annualized payout of $5.68 and a yield of approximately 1.8%.

OMERS ADMINISTRATION Corp acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 285,139 shares of the railroad operator's stock, valued at approximately $77,558,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tiemann Investment Advisors LLC grew its position in Union Pacific by 1.7% in the second quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator's stock worth $576,000 after acquiring an additional 35 shares in the last quarter. TFR Capital LLC. lifted its stake in shares of Union Pacific by 3.8% in the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock valued at $266,000 after purchasing an additional 36 shares during the last quarter. Key Financial Inc boosted its holdings in Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock worth $442,000 after purchasing an additional 38 shares in the last quarter. Members Trust Co boosted its holdings in Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock worth $382,000 after purchasing an additional 38 shares in the last quarter. Finally, EJMK Ventures LLC increased its position in Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock worth $247,000 after buying an additional 39 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Insider Activity

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the firm's 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 directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Stephens raised Union Pacific to a "strong-buy" rating in a report on Wednesday, July 8th. Citigroup boosted their target price on Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $339.00 price target (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, UBS Group reissued a "neutral" rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $320.89.

Union Pacific Trading Down 0.0%

Union Pacific stock opened at $307.97 on Monday. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market capitalization of $182.96 billion, a PE ratio of 24.94, a PEG ratio of 3.14 and a beta of 0.96. The business's 50-day simple moving average is $286.30 and its 200-day simple moving average is $267.83.

Union Pacific (NYSE:UNP - Get Free Report) last announced 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. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.03 EPS. Equities research analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. Union Pacific's dividend payout ratio is 44.70%.

Union Pacific Company Profile

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.

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