Union Pacific Co. (NYSE:UNP) Position Lessened by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 338,830 shares of the railroad operator’s stock after selling 47,634 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Union Pacific worth $76,664,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in shares of Union Pacific by 23.1% in the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after acquiring an additional 1,285,144 shares during the period. Marshall Wace LLP increased its stake in shares of Union Pacific by 272.3% in the second quarter. Marshall Wace LLP now owns 1,678,108 shares of the railroad operator’s stock valued at $379,689,000 after purchasing an additional 1,227,318 shares during the period. Winslow Capital Management LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $293,162,000. Capital World Investors boosted its position in shares of Union Pacific by 35.3% during the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the period. Finally, TD Asset Management Inc grew its holdings in Union Pacific by 115.3% in the 4th quarter. TD Asset Management Inc now owns 1,070,123 shares of the railroad operator’s stock worth $262,844,000 after buying an additional 573,072 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective for the company. Susquehanna cut their target price on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Finally, StockNews.com raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.47.

Union Pacific Stock Performance

NYSE:UNP opened at $248.95 on Wednesday. The firm has a market capitalization of $151.66 billion, a PE ratio of 23.75, a PEG ratio of 2.22 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The firm’s fifty day simple moving average is $245.73 and its 200 day simple moving average is $238.94.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $2.57 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s payout ratio is currently 51.15%.

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.