Toronto Dominion Bank Acquires 21,700 Shares of Union Pacific Co. (NYSE:UNP)

Toronto Dominion Bank increased its stake in Union Pacific Co. (NYSE:UNP) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 344,840 shares of the railroad operator’s stock after purchasing an additional 21,700 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Union Pacific worth $78,636,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Formidable Asset Management LLC lifted its position in shares of Union Pacific by 2.4% during the 4th quarter. Formidable Asset Management LLC now owns 5,290 shares of the railroad operator’s stock valued at $1,206,000 after buying an additional 126 shares in the last quarter. Columbia River Financial Group LLC purchased a new position in Union Pacific during the fourth quarter valued at approximately $1,469,000. Pinney & Scofield Inc. bought a new position in shares of Union Pacific in the fourth quarter worth approximately $161,000. Pacific Point Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth $605,000. Finally, McMill Wealth Management bought a new stake in shares of Union Pacific during the 4th quarter valued at $962,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.3%

NYSE UNP opened at $222.18 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 52 week low of $204.66 and a 52 week high of $258.07. The firm has a market capitalization of $132.75 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.15 and a beta of 1.07. The company has a fifty day moving average of $223.00 and a two-hundred day moving average of $233.26.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. Union Pacific’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. On average, analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.41%. Union Pacific’s dividend payout ratio is 48.29%.

Analyst Ratings Changes

UNP has been the subject of several recent analyst reports. Argus raised shares of Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. UBS Group dropped their price objective on Union Pacific from $255.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group decreased their target price on Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a report on Friday, March 7th. They issued a “buy” rating and a $295.00 price target on the stock. Finally, Bank of America upped their target price on shares of Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.50.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.