Mackenzie Financial Corp Has $295.29 Million Holdings in Union Pacific Corporation $UNP

Mackenzie Financial Corp lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249,265 shares of the railroad operator’s stock after acquiring an additional 2,541 shares during the period. Mackenzie Financial Corp’s holdings in Union Pacific were worth $295,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Caitlin John LLC purchased a new stake in Union Pacific during the third quarter worth about $27,000. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific in the 2nd quarter worth about $30,000. Financial Gravity Companies Inc. purchased a new position in shares of Union Pacific during the second quarter worth approximately $31,000. Total Investment Management Inc. purchased a new position in shares of Union Pacific in the second quarter worth about $31,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific in the second quarter worth $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. TD Cowen lowered their price objective on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Union Pacific in a research report on Thursday, December 11th. Weiss Ratings upgraded Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $263.77.

Union Pacific Price Performance

Shares of UNP stock opened at $250.16 on Wednesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $268.14. The stock’s fifty day simple moving average is $245.61 and its 200 day simple moving average is $233.41. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The firm has a market cap of $148.44 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.77 and a beta of 0.95.

Union Pacific (NYSE:UNP) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the firm posted $2.91 EPS. The business’s revenue was down .6% on a year-over-year basis. On average, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

About Union Pacific

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.