OMERS ADMINISTRATION Corp Sells 2,926 Shares of Union Pacific Corporation $UNP

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Union Pacific Corporation by 0.4%, owning 812,216 shares post-sale, which represents approximately 1.7% of the fund's holdings.
• Union Pacific's recent quarterly earnings exceeded analyst expectations, reporting an EPS of $3.03 and revenue of $6.15 billion, marking a 2.4% year-over-year increase.
• The company announced a quarterly dividend increase to $1.38 per share, resulting in a 2.5% yield, and is set to be distributed on September 30th.

OMERS ADMINISTRATION Corp trimmed its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 812,216 shares of the railroad operator's stock after selling 2,926 shares during the quarter. Union Pacific makes up 1.7% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 15th biggest position. OMERS ADMINISTRATION Corp owned 0.14% of Union Pacific worth $191,878,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Nuveen LLC acquired a new stake in Union Pacific in the first quarter worth about $988,822,000. GAMMA Investing LLC grew its position in shares of Union Pacific by 27,502.8% during the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock worth $588,510,000 after buying an additional 2,482,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Union Pacific by 35.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock worth $1,133,053,000 after buying an additional 1,294,643 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of Union Pacific during the 4th quarter worth about $273,361,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock worth $873,878,000 after buying an additional 850,025 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.5%

NYSE UNP traded up $1.21 during trading on Monday, hitting $223.56. The stock had a trading volume of 5,012,781 shares, compared to its average volume of 4,091,132. The company has a market capitalization of $132.58 billion, a PE ratio of 19.42, a P/E/G ratio of 2.17 and a beta of 1.03. The company's 50-day moving average price is $227.03 and its two-hundred day moving average price is $227.74. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same quarter in the prior year, the business posted $2.74 EPS. The business's revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Bank of America boosted their target price on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.