Sumitomo Life Insurance Co. Has $4.28 Million Holdings in Union Pacific Co. (NYSE:UNP)

Sumitomo Life Insurance Co. boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 16.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,645 shares of the railroad operator’s stock after buying an additional 3,329 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Union Pacific were worth $4,275,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UNP. Selective Wealth Management Inc. acquired a new position in Union Pacific during the 3rd quarter worth $25,000. Candriam Luxembourg S.C.A. lifted its holdings in Union Pacific by 10.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock worth $27,000 after buying an additional 14,927 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in Union Pacific during the 2nd quarter worth $29,000. Financial Gravity Wealth Inc. lifted its holdings in Union Pacific by 78.8% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock worth $30,000 after buying an additional 82 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in Union Pacific during the 3rd quarter worth $30,000. 77.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UNP traded down $1.96 during trading hours on Friday, reaching $185.23. The stock had a trading volume of 1,724,921 shares, compared to its average volume of 2,427,993. The company has a quick ratio of 0.72, a current ratio of 0.89 and a debt-to-equity ratio of 1.35. Union Pacific Co. has a 52 week low of $149.09 and a 52 week high of $187.68. The firm has a 50-day moving average of $179.26 and a 200 day moving average of $171.19. The company has a market cap of $125.60 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.92 and a beta of 1.08.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.02 EPS for the quarter, missing the Zacks’ consensus estimate of $2.03 by ($0.01). Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the prior year, the company earned $2.12 EPS. Union Pacific’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Co. will post 8.46 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, November 29th were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, November 27th. Union Pacific’s dividend payout ratio is currently 49.05%.

In related news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $183.00, for a total value of $183,000.00. Following the completion of the sale, the chief financial officer now owns 62,331 shares in the company, valued at approximately $11,406,573. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Elizabeth F. Whited sold 5,342 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $171.62, for a total transaction of $916,794.04. Following the completion of the sale, the executive vice president now owns 63,021 shares of the company’s stock, valued at approximately $10,815,664.02. The disclosure for this sale can be found here. 9.96% of the stock is owned by corporate insiders.

Several research firms have issued reports on UNP. Wells Fargo & Co upped their price objective on Union Pacific from $193.00 to $205.00 and gave the stock an “equal weight” rating in a report on Friday. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating in a report on Tuesday, January 14th. Cowen reiterated a “buy” rating and set a $172.00 target price on shares of Union Pacific in a research report on Thursday, October 17th. Raymond James upped their target price on shares of Union Pacific from $205.00 to $212.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, Ardour Capital upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $191.85.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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

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