Union Pacific Corporation $UNP Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. decreased its position in Union Pacific Corporation (NYSE:UNP) by 24.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,654 shares of the railroad operator’s stock after selling 57,778 shares during the period. iA Global Asset Management Inc.’s holdings in Union Pacific were worth $43,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in UNP. Norges Bank acquired a new stake in shares of Union Pacific during the second quarter worth about $1,856,340,000. Fisher Asset Management LLC raised its position in Union Pacific by 0.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock worth $1,472,217,000 after buying an additional 46,436 shares during the last quarter. Amundi lifted its stake in 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 acquiring an additional 1,255,231 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Union Pacific by 32.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings 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 acquiring an additional 2,613,083 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 0.9%

UNP stock opened at $231.44 on Friday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The firm has a market cap of $137.28 billion, a P/E ratio of 19.66, a PEG ratio of 2.64 and a beta of 0.99. The company’s 50-day simple moving average is $231.09 and its 200-day simple moving average is $226.98.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on UNP shares. TD Cowen reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Citigroup set a $264.00 price target on Union Pacific and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group set a $263.00 target price on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

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.