Intact Investment Management Inc. Grows Stock Holdings in Union Pacific Corporation $UNP

Intact Investment Management Inc. increased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 34.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,400 shares of the railroad operator’s stock after purchasing an additional 13,100 shares during the period. Intact Investment Management Inc.’s holdings in Union Pacific were worth $12,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Howard Capital Management Group LLC grew its position in Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after purchasing an additional 45 shares during the period. St. Johns Investment Management Company LLC boosted its stake in shares of Union Pacific by 1.6% in the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after buying an additional 46 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in Union Pacific by 2.5% during the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after acquiring an additional 46 shares during the period. Silver Oak Securities Incorporated raised its position in Union Pacific by 4.5% during the third quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock valued at $252,000 after acquiring an additional 46 shares in the last quarter. Finally, Schubert & Co raised its position in Union Pacific by 1.9% during the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 47 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a report on Thursday, December 11th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. TD Cowen reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on Union Pacific from $267.00 to $270.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.18.

Union Pacific Price Performance

NYSE:UNP opened at $229.67 on Monday. The stock has a 50 day moving average of $231.23 and a two-hundred day moving average of $226.80. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The firm has a market cap of $136.23 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. 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 (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the business posted $2.75 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

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

Union Pacific 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.