Union Pacific Corporation $UNP Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 42.7% in the 2nd quarter, Holdings Channel reports. The firm owned 220,918 shares of the railroad operator’s stock after selling 164,814 shares during the period. TD Asset Management Inc’s holdings in Union Pacific were worth $60,090,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc lifted its holdings in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after purchasing an additional 38 shares in the last quarter. Members Trust Co raised its position in shares of Union Pacific by 2.5% in the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock valued at $382,000 after buying an additional 38 shares during the last quarter. EJMK Ventures LLC raised its position in shares of Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock valued at $247,000 after buying an additional 39 shares during the last quarter. Wealthquest Corp lifted its stake in shares of Union Pacific by 3.7% in the first quarter. Wealthquest Corp now owns 1,108 shares of the railroad operator’s stock worth $269,000 after buying an additional 40 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Union Pacific by 5.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 791 shares of the railroad operator’s stock worth $215,000 after buying an additional 40 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNP has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Citigroup raised their target price on shares of Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Benchmark boosted their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Barclays restated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

Union Pacific Trading Down 1.4%

Shares of UNP opened at $293.57 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The firm has a 50-day moving average price of $283.00 and a 200 day moving average price of $265.13. The firm has a market capitalization of $174.40 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period last year, the business earned $3.03 earnings per share. Union Pacific’s revenue was up 11.5% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared 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. This is a positive change 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 1.9%. Union Pacific’s dividend payout ratio is currently 44.70%.

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.