Mitsubishi UFJ Trust & Banking Corp Buys 466,887 Shares of Union Pacific Corporation $UNP

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 156.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,933 shares of the railroad operator’s stock after purchasing an additional 466,887 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Union Pacific were worth $181,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Union Pacific during the 2nd quarter valued at $1,856,340,000. Laurel Wealth Advisors LLC boosted its stake in shares of Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after buying an additional 2,613,083 shares during the last quarter. Amundi grew its holdings in shares of Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares during the period. Rothschild & Co Wealth Management UK Ltd increased its position in Union Pacific by 3,536.2% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock valued at $232,767,000 after acquiring an additional 983,855 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after acquiring an additional 778,411 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.7%

Union Pacific stock opened at $229.67 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a market capitalization of $136.23 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.66 and a beta of 0.99. The firm has a 50 day moving average of $231.23 and a 200 day moving average of $226.94. 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 posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.75 earnings per share. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s payout ratio is 46.90%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays reissued an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Union Pacific from $267.00 to $270.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, TD Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.18.

About Union Pacific

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.