OMERS ADMINISTRATION Corp Invests $77.56 Million in Union Pacific Corporation $UNP

OMERS ADMINISTRATION Corp bought a new stake in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 285,139 shares of the railroad operator’s stock, valued at approximately $77,558,000.

Other large investors have also modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter valued at about $25,000. SWAN Capital LLC raised its position in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific in the fourth quarter worth about $25,000. High Point Wealth Management LLC bought a new position in Union Pacific during the fourth quarter worth about $26,000. Finally, Scarborough Advisors LLC bought a new position in Union Pacific during the first quarter worth about $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Price Performance

NYSE:UNP opened at $307.97 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market cap of $182.96 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The company’s 50-day moving average price is $286.30 and its two-hundred day moving average price is $267.83.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business posted $3.03 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. Union Pacific’s dividend payout ratio is currently 44.70%.

Analyst Upgrades and Downgrades

UNP has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating and issued a $310.00 price objective (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America raised their target price on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $335.00 price target (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $350.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $320.89.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.