TD Asset Management Inc Trims Stock Position in Union Pacific Corporation $UNP

Key Points

• TD Asset Management cut its Union Pacific stake by 42.7% in the second quarter, selling 164,814 shares and retaining 220,918 shares valued at approximately $60.1 million. Institutional investors collectively own 80.38% of the railroad operator.
• Union Pacific reported quarterly EPS of $3.41, beating estimates of $3.26, while revenue rose 11.5% year over year to $6.86 billion. The company also raised its quarterly dividend from $1.38 to $1.42 per share, implying a 1.9% yield.
• Analyst sentiment remains favorable, with Union Pacific holding a consensus “Moderate Buy” rating and an average price target of $320.89, above its reported trading price of $293.57.

TD Asset Management Inc lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 42.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 220,918 shares of the railroad operator's stock after selling 164,814 shares during the quarter. TD Asset Management Inc's holdings in Union Pacific were worth $60,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UNP. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $25,000. SWAN Capital LLC grew its stake in shares of Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after purchasing an additional 103 shares during the period. High Point Wealth Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 1.4%

Shares of UNP stock opened at $293.57 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $283.00 and a 200-day simple moving average of $265.13.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.15. The firm had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.03 EPS. On average, equities research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. 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 44.70%.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares of the company's stock, valued at $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UNP has been the subject of several analyst reports. Susquehanna boosted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research note on Tuesday, July 14th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research report on Monday, July 13th. Weiss Ratings raised shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Wells Fargo & Company reiterated an "overweight" rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Robert W. Baird increased their target price on shares of Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of "Moderate Buy" and a consensus price target of $320.89.

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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