Louisbourg Investments Inc. Reduces Position in Union Pacific Corporation $UNP

Louisbourg Investments Inc. trimmed its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,598 shares of the railroad operator’s stock after selling 200 shares during the quarter. Louisbourg Investments Inc.’s holdings in Union Pacific were worth $2,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its position in Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after acquiring an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares during the period. Royal Bank of Canada lifted its position in Union Pacific by 1.7% during the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares during the period. Canada Pension Plan Investment Board lifted its position in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after acquiring an additional 452,788 shares during the period. Finally, Nuveen LLC acquired a new stake in Union Pacific during the 1st quarter worth approximately $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein boosted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.08.

Union Pacific Stock Performance

NYSE UNP opened at $225.54 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a PEG ratio of 2.41 and a beta of 1.07. The business has a 50 day moving average price of $224.45 and a 200 day moving average price of $224.47. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the business posted $2.74 EPS. Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Union Pacific Company Profile

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.