Union Pacific Corporation $UNP Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its stake in Union Pacific Corporation (NYSE:UNP) by 425.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,815 shares of the railroad operator’s stock after acquiring an additional 122,125 shares during the quarter. Union Pacific accounts for approximately 2.0% of Meeder Asset Management Inc.’s portfolio, making the stock its 9th largest position. Meeder Asset Management Inc.’s holdings in Union Pacific were worth $35,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in shares of Union Pacific during the second quarter valued at about $30,000. Financial Gravity Companies Inc. bought a new stake in Union Pacific in the 2nd quarter valued at about $31,000. Total Investment Management Inc. acquired a new position in Union Pacific during the 2nd quarter worth approximately $31,000. Access Investment Management LLC bought a new position in Union Pacific in the second quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. acquired a new stake in Union Pacific in the second quarter valued at approximately $33,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Down 0.7%

Shares of UNP stock opened at $228.30 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The company has a market capitalization of $135.42 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.60 and a beta of 0.99. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a 50-day simple moving average of $229.76 and a two-hundred day simple moving average of $227.21.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.75 EPS. Research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s payout ratio is currently 46.90%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UNP. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research report on Thursday, December 18th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price objective for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a research note on Thursday, December 11th. Barclays reissued an “overweight” rating and set a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.46.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.