Union Pacific Corporation (UNP) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lessened its stake in Union Pacific Corporation (NYSE:UNP) by 9.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 652,656 shares of the railroad operator’s stock after selling 67,658 shares during the quarter. TD Asset Management Inc. owned 0.08% of Union Pacific Corporation worth $71,081,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Barings LLC boosted its holdings in shares of Union Pacific Corporation by 357.1% in the first quarter. Barings LLC now owns 48,185 shares of the railroad operator’s stock valued at $5,104,000 after buying an additional 37,643 shares during the period. Greystone Managed Investments Inc. boosted its holdings in shares of Union Pacific Corporation by 8.9% in the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after buying an additional 6,890 shares during the period. Wallington Asset Management LLC boosted its holdings in shares of Union Pacific Corporation by 0.3% in the second quarter. Wallington Asset Management LLC now owns 88,899 shares of the railroad operator’s stock valued at $9,682,000 after buying an additional 280 shares during the period. Boston Advisors LLC boosted its holdings in shares of Union Pacific Corporation by 19.6% in the second quarter. Boston Advisors LLC now owns 446,672 shares of the railroad operator’s stock valued at $48,647,000 after buying an additional 73,268 shares during the period. Finally, Genesee Valley Trust Co. boosted its holdings in shares of Union Pacific Corporation by 21.5% in the first quarter. Genesee Valley Trust Co. now owns 9,725 shares of the railroad operator’s stock valued at $1,030,000 after buying an additional 1,724 shares during the period. Institutional investors own 78.37% of the company’s stock.

Union Pacific Corporation (NYSE UNP) opened at 112.63 on Wednesday. The firm has a market cap of $90.15 billion, a PE ratio of 20.43 and a beta of 0.84. The company’s 50-day moving average is $110.47 and its 200 day moving average is $108.36. Union Pacific Corporation has a one year low of $87.06 and a one year high of $116.93.

Union Pacific Corporation (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The business had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the firm posted $1.17 EPS. Union Pacific Corporation’s revenue was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post $5.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Tuesday, August 29th. Union Pacific Corporation’s payout ratio is currently 43.84%.

Several research firms have recently weighed in on UNP. BidaskClub upgraded shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a report on Monday, July 24th. Morgan Stanley cut shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Aegis cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and upped their price target for the company from $120.00 to $122.00 in a report on Tuesday. Finally, Zacks Investment Research cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $113.38.

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Union Pacific Corporation Company Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

Institutional Ownership by Quarter for Union Pacific Corporation (NYSE:UNP)

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