Meiji Yasuda Asset Management Co Ltd. Acquires Shares of 13,074 Union Pacific Corporation $UNP

Meiji Yasuda Asset Management Co Ltd. bought a new position in Union Pacific Corporation (NYSE:UNP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,074 shares of the railroad operator’s stock, valued at approximately $3,556,000.

A number of other large investors also recently modified their holdings of the stock. Magellan Asset Management Ltd bought a new position in Union Pacific in the 2nd quarter worth approximately $68,400,000. Elefante Mark B acquired a new position in Union Pacific during the 2nd quarter worth $408,000. Berry Wealth Group LP bought a new position in Union Pacific in the 2nd quarter valued at $211,000. Haverford Trust Co bought a new position in Union Pacific in the 2nd quarter valued at $18,833,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Union Pacific in the 2nd quarter valued at $6,296,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna upped their price target on Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Bank of America lifted their price objective on Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Evercore reissued an “outperform” rating and set a $294.00 price objective on shares of Union Pacific in a report on Thursday, June 25th. UBS Group restated a “neutral” rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $325.00 target price (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $320.89.

Union Pacific Stock Performance

UNP stock opened at $309.83 on Tuesday. The business’s fifty day moving average is $287.14 and its 200-day moving average is $268.31. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The company has a market cap of $184.06 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the previous year, the firm earned $3.03 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is 45.99%.

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.