NGAM Advisors L.P. Has $18.33 Million Holdings in Union Pacific Corporation (UNP)

NGAM Advisors L.P. raised its stake in Union Pacific Corporation (NYSE:UNP) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,288 shares of the railroad operator’s stock after acquiring an additional 8,476 shares during the period. NGAM Advisors L.P.’s holdings in Union Pacific Corporation were worth $18,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. AQR Capital Management LLC raised its holdings in Union Pacific Corporation by 212.5% in the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after acquiring an additional 1,623,701 shares in the last quarter. American Century Companies Inc. raised its holdings in Union Pacific Corporation by 102.4% in the 1st quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after acquiring an additional 1,239,636 shares in the last quarter. Prudential Financial Inc. raised its holdings in Union Pacific Corporation by 82.9% in the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after acquiring an additional 1,007,720 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Union Pacific Corporation in the 1st quarter valued at $92,495,000. Finally, Swiss National Bank raised its holdings in Union Pacific Corporation by 25.9% in the 1st quarter. Swiss National Bank now owns 2,920,172 shares of the railroad operator’s stock valued at $309,305,000 after acquiring an additional 600,300 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Shares of Union Pacific Corporation (NYSE:UNP) opened at 113.00 on Wednesday. The company’s 50-day moving average price is $105.56 and its 200-day moving average price is $107.35. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.15. The company has a market cap of $90.44 billion, a price-to-earnings ratio of 20.49 and a beta of 0.81.

Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The business had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Union Pacific Corporation will post $5.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.605 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.42 dividend on an annualized basis and a yield of 2.14%. Union Pacific Corporation’s payout ratio is 43.84%.

Several equities analysts have weighed in on UNP shares. BidaskClub cut Union Pacific Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a report on Friday, June 2nd. Zacks Investment Research upgraded Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Thursday, July 13th. Morgan Stanley reiterated an “overweight” rating and issued a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a research note on Monday, July 10th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Union Pacific Corporation has a consensus rating of “Hold” and a consensus price target of $113.38.

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In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the sale, the executive vice president now owns 95,470 shares in the company, valued at $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

About Union Pacific Corporation

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

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