TD Asset Management Inc. Sells 302,255 Shares of Union Pacific Co. (UNP)

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TD Asset Management Inc. reduced its position in Union Pacific Co. (NYSE:UNP) by 35.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 541,215 shares of the railroad operator’s stock after selling 302,255 shares during the period. TD Asset Management Inc.’s holdings in Union Pacific were worth $88,126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lenox Wealth Advisors LLC bought a new position in Union Pacific during the 2nd quarter valued at $105,000. Landaas & Co. WI ADV bought a new position in Union Pacific during the 2nd quarter valued at $133,000. grace capital bought a new position in Union Pacific during the 2nd quarter valued at $142,000. Exane Derivatives lifted its stake in Union Pacific by 85.1% during the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after acquiring an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. bought a new position in Union Pacific during the 2nd quarter valued at $169,000. Institutional investors own 80.80% of the company’s stock.

In related news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research note on Wednesday, September 19th. UBS Group raised their price objective on Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, September 20th. Bank of America cut Union Pacific from a “buy” rating to a “neutral” rating and set a $164.00 price objective on the stock. in a research note on Thursday, October 18th. Loop Capital upgraded Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Finally, Barclays restated a “buy” rating and set a $180.00 price objective on shares of Union Pacific in a research note on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Union Pacific currently has an average rating of “Hold” and an average target price of $161.44.

Shares of Union Pacific stock opened at $148.57 on Tuesday. Union Pacific Co. has a 1 year low of $115.16 and a 1 year high of $165.63. The firm has a market cap of $109.46 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 1.01.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same period last year, the firm posted $1.50 EPS. Equities analysts expect that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.

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Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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