Union Pacific Corporation $UNP Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Union Pacific Corporation (NYSE:UNPFree Report) by 28.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 95,296 shares of the railroad operator’s stock after purchasing an additional 21,117 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Union Pacific were worth $22,525,000 at the end of the most recent reporting period.

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

Union Pacific News Roundup

Here are the key news stories impacting Union Pacific this week:

Union Pacific Stock Up 2.5%

NYSE UNP opened at $233.51 on Friday. The business has a 50 day moving average price of $232.04 and a two-hundred day moving average price of $226.80. The stock has a market cap of $138.51 billion, a PE ratio of 19.51, a P/E/G ratio of 2.62 and a beta of 0.99. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $253.20. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNPGet Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.15 billion. During the same quarter last year, the business earned $2.91 EPS. Union Pacific’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

Analyst Ratings Changes

Several research analysts recently issued reports on UNP shares. Royal Bank Of Canada set a $280.00 price objective on Union Pacific in a research report on Thursday, December 18th. JPMorgan Chase & Co. cut their price target on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday. BMO Capital Markets set a $255.00 price objective on Union Pacific in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a research report on Thursday, December 11th. Finally, Barclays restated an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Check Out Our Latest Report on Union Pacific

Union Pacific Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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