Canada Pension Plan Investment Board Buys 307,784 Shares of Union Pacific Corporation (UNP)

Canada Pension Plan Investment Board increased its stake in Union Pacific Corporation (NYSE:UNP) by 20.1% during the first quarter, Holdings Channel reports. The firm owned 1,840,110 shares of the railroad operator’s stock after buying an additional 307,784 shares during the period. Canada Pension Plan Investment Board’s holdings in Union Pacific Corporation were worth $194,904,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Radnor Capital Management LLC acquired a new stake in shares of Union Pacific Corporation during the fourth quarter valued at $930,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Union Pacific Corporation during the fourth quarter valued at $1,830,000. Calamos Wealth Management LLC increased its stake in shares of Union Pacific Corporation by 3.5% in the fourth quarter. Calamos Wealth Management LLC now owns 30,480 shares of the railroad operator’s stock valued at $3,160,000 after buying an additional 1,043 shares during the last quarter. ING Groep NV increased its stake in shares of Union Pacific Corporation by 487.7% in the fourth quarter. ING Groep NV now owns 12,776 shares of the railroad operator’s stock valued at $1,334,000 after buying an additional 10,602 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Union Pacific Corporation during the fourth quarter valued at $392,000. Institutional investors own 79.26% of the company’s stock.

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

Union Pacific Corporation (NYSE UNP) opened at 107.39 on Friday. Union Pacific Corporation has a one year low of $81.96 and a one year high of $115.15. The firm has a market capitalization of $86.71 billion, a PE ratio of 20.53 and a beta of 0.84. The stock has a 50 day moving average price of $109.84 and a 200-day moving average price of $107.36.

Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 27th. The railroad operator reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.09. The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Union Pacific Corporation had a return on equity of 21.53% and a net margin of 21.37%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post $5.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be paid a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, May 26th. Union Pacific Corporation’s dividend payout ratio (DPR) is currently 46.18%.

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Several analysts recently weighed in on UNP shares. Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Union Pacific Corporation in a research note on Friday, March 24th. Loop Capital restated a “hold” rating on shares of Union Pacific Corporation in a research note on Saturday, March 25th. Credit Suisse Group restated a “buy” rating and set a $123.00 target price on shares of Union Pacific Corporation in a research note on Friday, March 24th. Cowen and Company increased their target price on Union Pacific Corporation from $109.00 to $117.00 and gave the company a “market perform” rating in a research note on Friday, April 28th. Finally, Wells Fargo & Company started coverage on Union Pacific Corporation in a research note on Monday, March 13th. They set a “market perform” rating and a $115.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $109.89.

Union Pacific Corporation Company 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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