Union Pacific Corporation $UNP Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Union Pacific Corporation (NYSE:UNP) by 3.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,275,019 shares of the railroad operator’s stock after purchasing an additional 38,272 shares during the period. Union Pacific comprises approximately 0.8% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 18th largest position. Mitsubishi UFJ Trust & Banking Corp’s holdings in Union Pacific were worth $346,805,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UNP. Tucker Asset Management LLC acquired a new stake in Union Pacific during the 4th quarter worth approximately $25,000. SWAN Capital LLC lifted its holdings in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific in the fourth quarter valued at approximately $25,000. High Point Wealth Management LLC purchased a new position in shares of Union Pacific in the 4th quarter valued at $26,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Union Pacific during the first quarter worth about $27,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Thursday, July 23rd. Citigroup increased their price objective on Union Pacific from $326.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Insiders Place Their Bets

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the completion of the sale, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

Union Pacific Trading Up 2.2%

Shares of UNP stock opened at $300.06 on Tuesday. The firm has a market cap of $178.26 billion, a P/E ratio of 24.30, a PEG ratio of 3.00 and a beta of 0.96. The firm’s 50-day simple moving average is $283.63 and its 200-day simple moving average is $265.84. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company 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 company earned $3.03 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific’s payout ratio is presently 44.70%.

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.