BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 513,570 shares of the railroad operator’s stock after selling 22,236 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Union Pacific Corporation worth $55,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UNP. Waldron LP lifted its position in shares of Union Pacific Corporation by 52.7% during the 1st quarter. Waldron LP now owns 3,920 shares of the railroad operator’s stock worth $406,000 after buying an additional 1,353 shares in the last quarter. Meiji Yasuda Life Insurance Co lifted its position in shares of Union Pacific Corporation by 19.7% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 40,089 shares of the railroad operator’s stock worth $4,246,000 after buying an additional 6,590 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Union Pacific Corporation by 20.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,840,110 shares of the railroad operator’s stock worth $194,904,000 after buying an additional 307,784 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Union Pacific Corporation by 8.5% during the 1st quarter. Arcadia Investment Management Corp MI now owns 1,635 shares of the railroad operator’s stock worth $173,000 after buying an additional 128 shares in the last quarter. Finally, Spectrum Asset Management Inc. NB CA bought a new position in shares of Union Pacific Corporation during the 1st quarter worth approximately $201,000. Institutional investors and hedge funds own 78.33% of the company’s stock.

Several equities analysts have commented on UNP shares. BidaskClub cut shares of Union Pacific Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Thursday, July 13th. Morgan Stanley reissued an “overweight” rating and set a $102.00 target price (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Off Wall Street started coverage on shares of Union Pacific Corporation in a research report on Tuesday. They set a “sell” rating on the stock. Finally, Deutsche Bank AG cut shares of Union Pacific Corporation from a “buy” rating to a “hold” rating and dropped their target price for the stock from $132.00 to $110.00 in a research report on Friday, July 21st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $113.36.

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Union Pacific Corporation (NYSE:UNP) opened at 112.01 on Friday. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93. The company has a 50-day moving average of $111.86 and a 200-day moving average of $108.64. The stock has a market capitalization of $89.65 billion, a price-to-earnings ratio of 20.31 and a beta of 0.84.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts anticipate that Union Pacific Corporation will post $5.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were given a $0.605 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.16%. Union Pacific Corporation’s payout ratio is presently 43.84%.

Union Pacific Corporation 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.

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

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