TD Private Client Wealth LLC Sells 7,680 Shares of Union Pacific Corporation $UNP

TD Private Client Wealth LLC reduced its position in Union Pacific Corporation (NYSE:UNP) by 34.0% during the third quarter, HoldingsChannel reports. The firm owned 14,938 shares of the railroad operator’s stock after selling 7,680 shares during the period. TD Private Client Wealth LLC’s holdings in Union Pacific were worth $3,531,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UNP. Norges Bank acquired a new stake in Union Pacific during the 2nd quarter worth about $1,856,340,000. Laurel Wealth Advisors LLC lifted its stake in shares of Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the period. Amundi boosted its position in shares of Union Pacific by 35.6% during the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after purchasing an additional 1,255,231 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd grew its stake in Union Pacific by 3,536.2% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after purchasing an additional 983,855 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after purchasing an additional 778,411 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UNP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $267.00 to $270.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a research note on Thursday, December 11th. Finally, Susquehanna reiterated a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

Union Pacific Stock Performance

NYSE UNP opened at $229.08 on Wednesday. The company has a market cap of $135.88 billion, a P/E ratio of 19.46, a PEG ratio of 2.61 and a beta of 0.99. The company has a fifty day simple moving average of $230.13 and a 200 day simple moving average of $227.19. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.75 earnings per share. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 5th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is presently 46.90%.

Union Pacific Company Profile

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.