Investment Management Corp of Ontario Has $4.98 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Investment Management Corp of Ontario raised its stake in Union Pacific Co. (NYSE:UNP) by 49.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,216 shares of the railroad operator’s stock after purchasing an additional 6,700 shares during the period. Investment Management Corp of Ontario’s holdings in Union Pacific were worth $4,983,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in Union Pacific by 32.3% during the third quarter. Janus Henderson Group PLC now owns 100,483 shares of the railroad operator’s stock worth $24,755,000 after acquiring an additional 24,518 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Union Pacific by 3.1% during the third quarter. HighTower Advisors LLC now owns 590,549 shares of the railroad operator’s stock worth $145,332,000 after purchasing an additional 17,778 shares during the period. Hilltop Holdings Inc. lifted its holdings in Union Pacific by 345.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 40,523 shares of the railroad operator’s stock worth $9,988,000 after purchasing an additional 31,435 shares during the last quarter. Hollow Brook Wealth Management LLC boosted its stake in Union Pacific by 3.5% in the 3rd quarter. Hollow Brook Wealth Management LLC now owns 1,894 shares of the railroad operator’s stock valued at $467,000 after purchasing an additional 64 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Union Pacific by 940.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 25,529 shares of the railroad operator’s stock valued at $6,297,000 after buying an additional 23,076 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 1.6 %

Shares of UNP opened at $236.97 on Wednesday. The company has a market capitalization of $143.67 billion, a PE ratio of 21.76, a PEG ratio of 2.38 and a beta of 1.05. The stock’s 50-day moving average price is $239.81 and its two-hundred day moving average price is $238.36. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. On average, analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s payout ratio is presently 49.22%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UNP shares. Stifel Nicolaus dropped their target price on Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird dropped their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. TD Cowen decreased their target price on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets decreased their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Finally, Susquehanna reduced their price objective on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific 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.