Mitsubishi UFJ Asset Management Co. Ltd. Has $395.36 Million Holdings in Union Pacific Corporation $UNP

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Union Pacific Corporation (NYSE:UNP) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,453,536 shares of the railroad operator’s stock after acquiring an additional 110,330 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Union Pacific were worth $395,362,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Tucker Asset Management LLC bought a new position in Union Pacific in the 4th quarter worth approximately $25,000. SWAN Capital LLC increased its position in Union Pacific by 2,575.0% during the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 103 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in Union Pacific during the 4th quarter valued at $25,000. High Point Wealth Management LLC acquired a new position in Union Pacific during the 4th quarter valued at $26,000. Finally, Scarborough Advisors LLC bought a new stake in Union Pacific in the 1st quarter valued at $27,000. 80.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UNP shares. Royal Bank Of Canada restated an “outperform” rating and set a $339.00 price objective (up from $289.00) on shares of Union Pacific in a report on Friday, July 24th. Bank of America increased their target price on shares of Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird lifted their target price on Union Pacific from $311.00 to $344.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. UBS Group restated a “neutral” rating and set a $310.00 price target (up from $286.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, TD Cowen reissued a “buy” rating and set a $325.00 price objective (up from $282.00) on shares of Union Pacific in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $320.89.

Union Pacific Trading Down 0.3%

UNP stock opened at $299.10 on Wednesday. Union Pacific Corporation has a 1-year low of $210.84 and a 1-year high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $284.18 and its 200-day moving average is $266.34. The firm has a market cap of $177.69 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the firm earned $3.03 EPS. Union Pacific’s quarterly revenue was up 11.5% on a year-over-year basis. Equities analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

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.