Resona Asset Management Co. Ltd. Sells 10,569 Shares of Union Pacific Corporation $UNP

Resona Asset Management Co. Ltd. reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,862 shares of the railroad operator’s stock after selling 10,569 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Union Pacific were worth $46,053,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Union Pacific from $267.00 to $270.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Barclays reaffirmed an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Thursday, October 23rd. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.18.

Union Pacific Price Performance

Union Pacific stock opened at $229.67 on Friday. The business’s 50 day simple moving average is $231.23 and its 200 day simple moving average is $226.94. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market cap of $136.23 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.66 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period last year, the business posted $2.75 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 5th were issued 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 dividend payout ratio (DPR) is 46.90%.

Union Pacific Company 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.