Mackenzie Financial Corp Acquires 2,541 Shares of Union Pacific Corporation $UNP

Mackenzie Financial Corp raised its stake in Union Pacific Corporation (NYSE:UNP) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,249,265 shares of the railroad operator’s stock after acquiring an additional 2,541 shares during the quarter. Mackenzie Financial Corp owned approximately 0.21% of Union Pacific worth $295,289,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Caitlin John LLC bought a new stake in shares of Union Pacific during the third quarter worth $27,000. Howard Hughes Medical Institute bought a new stake in Union Pacific during the 2nd quarter worth $30,000. Total Investment Management Inc. acquired a new position in Union Pacific in the 2nd quarter worth about $31,000. Financial Gravity Companies Inc. bought a new position in Union Pacific in the second quarter valued at about $31,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Union Pacific during the second quarter valued at about $33,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research reports. Barclays reiterated an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research report on Tuesday, January 27th. Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 6th. Royal Bank Of Canada set a $280.00 price objective on Union Pacific in a report on Thursday, December 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Price Performance

UNP stock opened at $250.16 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The company’s fifty day simple moving average is $245.61 and its 200 day simple moving average is $233.41. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $268.14. The firm has a market cap of $148.44 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.77 and a beta of 0.95.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the company earned $2.91 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.2%. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.