Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,037 shares of the railroad operator’s stock after selling 2,900 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Union Pacific were worth $6,615,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UNP. Findlay Park Partners LLP increased its position in shares of Union Pacific by 22.3% in the third quarter. Findlay Park Partners LLP now owns 1,255,945 shares of the railroad operator’s stock worth $145,652,000 after purchasing an additional 229,381 shares during the period. Pacer Advisors Inc. increased its position in shares of Union Pacific by 17.3% in the third quarter. Pacer Advisors Inc. now owns 20,402 shares of the railroad operator’s stock worth $2,366,000 after purchasing an additional 3,005 shares during the period. Girard Partners LTD. increased its position in shares of Union Pacific by 3.1% in the third quarter. Girard Partners LTD. now owns 59,444 shares of the railroad operator’s stock worth $6,894,000 after purchasing an additional 1,788 shares during the period. Greystone Managed Investments Inc. increased its position in shares of Union Pacific by 4.5% in the third quarter. Greystone Managed Investments Inc. now owns 87,864 shares of the railroad operator’s stock worth $10,190,000 after purchasing an additional 3,750 shares during the period. Finally, Financial Advisory Group increased its position in shares of Union Pacific by 13.3% in the third quarter. Financial Advisory Group now owns 3,842 shares of the railroad operator’s stock worth $446,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 78.45% of the company’s stock.
A number of research analysts recently commented on the company. Scotiabank set a $150.00 price target on Union Pacific and gave the stock a “hold” rating in a research report on Thursday. Daiwa Capital Markets upgraded Union Pacific from a “hold” rating to an “outperform” rating in a research report on Thursday. BMO Capital Markets restated a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a research report on Monday, January 8th. Zacks Investment Research cut Union Pacific from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $122.65.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts forecast that Union Pacific Co. will post 5.79 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.88%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is presently 47.08%.
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Union Pacific Company Profile
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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