Norinchukin Bank The Has $6.16 Million Stock Position in Union Pacific Corporation $UNP

Norinchukin Bank The increased its stake in Union Pacific Corporation (NYSE:UNP) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,066 shares of the railroad operator’s stock after acquiring an additional 2,786 shares during the quarter. Norinchukin Bank The’s holdings in Union Pacific were worth $6,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in Union Pacific by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,412 shares of the railroad operator’s stock valued at $4,427,000 after buying an additional 156 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Union Pacific by 1.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,594,882 shares of the railroad operator’s stock valued at $1,503,899,000 after buying an additional 105,111 shares during the period. MGO One Seven LLC lifted its stake in Union Pacific by 34.8% in the fourth quarter. MGO One Seven LLC now owns 13,844 shares of the railroad operator’s stock valued at $3,157,000 after buying an additional 3,575 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Union Pacific by 8.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 38,439 shares of the railroad operator’s stock valued at $8,766,000 after buying an additional 2,879 shares during the period. Finally, Kerrisdale Advisers LLC lifted its stake in Union Pacific by 5.0% in the fourth quarter. Kerrisdale Advisers LLC now owns 27,717 shares of the railroad operator’s stock valued at $6,321,000 after buying an additional 1,315 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UNP. Wells Fargo & Company boosted their price target on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Evercore ISI lowered their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Finally, Robert W. Baird assumed coverage on Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.21.

Union Pacific Trading Down 0.2%

NYSE UNP opened at $225.1270 on Friday. The firm has a market capitalization of $133.51 billion, a P/E ratio of 19.56, a PEG ratio of 2.19 and a beta of 1.05. The business has a fifty day simple moving average of $226.91 and a 200 day simple moving average of $228.91. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 EPS. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is 46.57%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.