Meiji Yasuda Life Insurance Co Trims Position in Union Pacific Corporation (UNP)
Meiji Yasuda Life Insurance Co lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,019 shares of the railroad operator’s stock after selling 1,070 shares during the period. Union Pacific Corporation makes up about 0.7% of Meiji Yasuda Life Insurance Co’s investment portfolio, making the stock its 24th largest position. Meiji Yasuda Life Insurance Co’s holdings in Union Pacific Corporation were worth $4,250,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC increased its position in Union Pacific Corporation by 189.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 476,662 shares of the railroad operator’s stock worth $41,589,000 after purchasing an additional 312,159 shares during the last quarter. Synovus Financial Corp increased its position in Union Pacific Corporation by 6.3% in the second quarter. Synovus Financial Corp now owns 10,900 shares of the railroad operator’s stock worth $1,186,000 after purchasing an additional 650 shares during the last quarter. Dimension Capital Management Partners bought a new stake in Union Pacific Corporation in the second quarter worth $614,000. Fund Evaluation Group LLC bought a new stake in Union Pacific Corporation in the second quarter worth $284,000. Finally, Intact Investment Management Inc. increased its position in Union Pacific Corporation by 16.7% in the second quarter. Intact Investment Management Inc. now owns 3,500 shares of the railroad operator’s stock worth $381,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 79.66% of the company’s stock.
UNP has been the topic of several research reports. BMO Capital Markets restated a “buy” rating and issued a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, August 11th. Argus boosted their price target on shares of Union Pacific Corporation from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, November 1st. Morgan Stanley cut shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $102.00 to $100.00 in a research report on Monday, October 2nd. Finally, Robert W. Baird restated a “hold” rating and issued a $116.00 price target on shares of Union Pacific Corporation in a research report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus target price of $117.59.
Shares of Union Pacific Corporation (NYSE:UNP) opened at $116.48 on Tuesday. Union Pacific Corporation has a one year low of $97.48 and a one year high of $119.71. The firm has a market cap of $91,862.59, a PE ratio of 20.62, a P/E/G ratio of 1.89 and a beta of 0.87. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83.
Union Pacific Corporation (NYSE:UNP) last released its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.01. Union Pacific Corporation had a net margin of 21.84% and a return on equity of 23.35%. The company had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts anticipate that Union Pacific Corporation will post 5.78 EPS for the current year.
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About Union Pacific Corporation
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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