Investment Management Corp of Ontario Has $3.39 Million Position in Union Pacific Corporation $UNP

Investment Management Corp of Ontario cut its position in Union Pacific Corporation (NYSE:UNP) by 14.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,716 shares of the railroad operator’s stock after selling 2,400 shares during the period. Investment Management Corp of Ontario’s holdings in Union Pacific were worth $3,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. iSAM Funds UK Ltd acquired a new position in shares of Union Pacific in the second quarter valued at approximately $4,940,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Union Pacific during the 2nd quarter worth approximately $299,000. Lombard Odier Asset Management Switzerland SA grew its holdings in Union Pacific by 6.3% during the 2nd quarter. Lombard Odier Asset Management Switzerland SA now owns 24,637 shares of the railroad operator’s stock worth $5,668,000 after acquiring an additional 1,464 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in Union Pacific in the 2nd quarter valued at approximately $33,000. Finally, Prestige Wealth Management Group LLC raised its stake in shares of Union Pacific by 2.3% during the second quarter. Prestige Wealth Management Group LLC now owns 3,141 shares of the railroad operator’s stock valued at $723,000 after acquiring an additional 71 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 1.5%

Shares of Union Pacific stock opened at $235.12 on Thursday. The stock’s 50-day moving average is $226.29 and its 200 day moving average is $225.58. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The firm has a market cap of $139.47 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.57 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.75 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is presently 46.90%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and lifted their target price for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. BMO Capital Markets decreased their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. TD Cowen cut their price objective on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Citigroup upped their target price on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Company 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.