Federation des caisses Desjardins du Quebec Has $19.28 Million Holdings in Union Pacific Corporation $UNP

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Union Pacific Corporation by 23.8%, owning 81,614 shares valued at approximately $19.3 million.
• Union Pacific recently reported a quarterly earnings per share of $3.03, exceeding analysts' expectations, with a revenue of $6.15 billion.
• The company announced a quarterly dividend increase to $1.38 per share, reflecting an annualized dividend yield of 2.5%.

Federation des caisses Desjardins du Quebec increased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 23.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 81,614 shares of the railroad operator's stock after buying an additional 15,703 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Union Pacific were worth $19,283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Titleist Asset Management LLC boosted its stake in Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock valued at $946,000 after purchasing an additional 44 shares during the period. First Financial Bank Trust Division boosted its stake in Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock valued at $662,000 after purchasing an additional 47 shares during the period. Stiles Financial Services Inc boosted its stake in Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after purchasing an additional 48 shares during the period. Avalon Trust Co boosted its stake in Union Pacific by 5.1% during the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock valued at $237,000 after purchasing an additional 49 shares during the period. Finally, Mather Group LLC. boosted its stake in Union Pacific by 1.7% during the 1st quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock valued at $718,000 after purchasing an additional 50 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of NYSE UNP traded down $1.94 during midday trading on Monday, reaching $218.37. The company's stock had a trading volume of 1,102,428 shares, compared to its average volume of 3,433,955. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average price of $226.40 and a 200 day moving average price of $226.80. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a market cap of $129.50 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the firm earned $2.74 EPS. The business's revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is presently 47.96%.

Analysts Set New Price Targets

A number of research firms have issued reports on UNP. Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. Finally, Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $258.21.

Union Pacific 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.