TD Asset Management Inc Sells 71,398 Shares of Union Pacific Corporation $UNP

TD Asset Management Inc reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 13.6% in the 4th quarter, HoldingsChannel reports. The firm owned 453,359 shares of the railroad operator’s stock after selling 71,398 shares during the period. TD Asset Management Inc’s holdings in Union Pacific were worth $104,871,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC bought a new position in Union Pacific during the 4th quarter valued at about $25,000. Tucker Asset Management LLC bought a new position in Union Pacific during the 4th quarter valued at about $25,000. High Point Wealth Management LLC bought a new position in Union Pacific during the 4th quarter valued at about $26,000. Caitlin John LLC bought a new position in Union Pacific during the 3rd quarter valued at about $27,000. Finally, Saranac Partners Ltd bought a new position in Union Pacific during the 3rd quarter valued at about $27,000. 80.38% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the completion of the sale, the executive vice president owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 34,377 shares of company stock valued at $9,251,221. 0.22% of the stock is currently owned by insiders.

Union Pacific Trading Up 0.5%

Shares of NYSE UNP opened at $263.54 on Friday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $279.70. The company has a market cap of $156.47 billion, a PE ratio of 21.71, a P/E/G ratio of 2.78 and a beta of 0.97. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average of $258.71 and a two-hundred day moving average of $246.85.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.70 earnings per share. As a group, equities analysts expect that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. Union Pacific’s dividend payout ratio is presently 45.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UNP shares. Royal Bank Of Canada reissued an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Sanford C. Bernstein lifted their price target on shares of Union Pacific from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Wells Fargo & Company reissued an “overweight” rating and set a $300.00 price target (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $267.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $280.47.

Union Pacific 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.