Union Pacific Corporation $UNP Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. increased its position in Union Pacific Corporation (NYSE:UNP) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,712 shares of the railroad operator’s stock after acquiring an additional 564 shares during the period. Addenda Capital Inc.’s holdings in Union Pacific were worth $6,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Union Pacific during the 1st quarter worth $988,822,000. GAMMA Investing LLC raised its position in shares of Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock worth $588,510,000 after buying an additional 2,482,126 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares during the period. Auto Owners Insurance Co raised its position in shares of Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after buying an additional 623,978 shares during the period. Finally, Menora Mivtachim Holdings LTD. purchased a new position in shares of Union Pacific in the 1st quarter worth $115,096,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UNP. Susquehanna reiterated a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a report on Thursday. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and raised their target price for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Evercore ISI decreased their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Finally, BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Price Performance

NYSE UNP opened at $235.14 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market capitalization of $139.45 billion, a PE ratio of 20.43, a P/E/G ratio of 2.45 and a beta of 1.03. The company’s 50 day simple moving average is $222.73 and its 200 day simple moving average is $224.54.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the business earned $2.74 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

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.