TD Waterhouse Canada Inc. Acquires 4,560 Shares of Union Pacific Corporation $UNP

Key Points

• TD Waterhouse Canada increased its Union Pacific stake by 3.4% in the second quarter, acquiring 4,560 shares and bringing its holdings to 138,223 shares valued at approximately $38.4 million.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $320.89; several firms recently raised their targets to between $333 and $350.
• Union Pacific exceeded quarterly expectations, reporting $3.41 in EPS and $6.86 billion in revenue, while raising its quarterly dividend to $1.42 per share, equivalent to a 2.0% yield.

TD Waterhouse Canada Inc. lifted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 138,223 shares of the railroad operator's stock after acquiring an additional 4,560 shares during the period. TD Waterhouse Canada Inc.'s holdings in Union Pacific were worth $38,403,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in shares of Union Pacific during the fourth quarter worth approximately $25,000. SWAN Capital LLC boosted its stake in shares of Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after buying an additional 103 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Union Pacific during the fourth quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new stake in Union Pacific during the first quarter worth approximately $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Union Pacific during the 1st quarter worth $29,000. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on UNP. Susquehanna upped their target price on Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a research report on Tuesday, July 14th. Erste Group Bank initiated coverage on Union Pacific in a research report on Thursday, August 27th. They issued a "buy" rating on the stock. Bank of America boosted their price target on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Citigroup upped their price objective on shares of Union Pacific from $326.00 to $349.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Barclays reiterated an "overweight" rating and set a $350.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $289.54 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The stock has a market capitalization of $172.01 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. The stock has a fifty day moving average of $293.96 and a 200-day moving average of $270.92.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping 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 business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the company earned $3.03 EPS. Union Pacific's revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Corporation will post 13.02 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Union Pacific's payout ratio is presently 45.99%.

About Union Pacific

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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