TD Waterhouse Canada Inc. Has $38.40 Million Stake in Union Pacific Corporation $UNP

TD Waterhouse Canada Inc. increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% during the second quarter, HoldingsChannel reports. The fund owned 138,223 shares of the railroad operator’s stock after buying an additional 4,560 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Union Pacific were worth $38,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Union Pacific by 4.3% during the fourth quarter. State Street Corp now owns 26,330,080 shares of the railroad operator’s stock worth $6,090,674,000 after purchasing an additional 1,082,285 shares during the last quarter. Capital World Investors raised its holdings in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator’s stock valued at $4,658,142,000 after buying an additional 9,655,306 shares during the last quarter. Geode Capital Management LLC boosted its position in Union Pacific by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator’s stock worth $3,552,550,000 after buying an additional 296,814 shares during the period. Bank of America Corp DE boosted its position in Union Pacific by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 14,527,563 shares of the railroad operator’s stock worth $3,951,497,000 after buying an additional 64,492 shares during the period. Finally, Morgan Stanley grew its holdings in Union Pacific by 5.0% during the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator’s stock worth $2,922,971,000 after acquiring an additional 602,647 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Susquehanna upped their price target on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Erste Group Bank assumed coverage on Union Pacific in a report on Thursday, August 27th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research 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, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Price Performance

Shares of NYSE UNP opened at $289.54 on Friday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The firm has a fifty day simple moving average of $293.96 and a 200 day simple moving average of $270.92. The company has a market capitalization of $172.01 billion, a PE ratio of 23.44, a P/E/G ratio of 2.88 and a beta of 0.96. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.03 earnings per share. On average, sell-side analysts forecast that Union Pacific Corporation will post 13.02 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a $1.42 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is presently 45.99%.

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.