Dai Ichi Life Insurance Company Ltd reduced its stake in Union Pacific Co. (NYSE:UNP) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,956 shares of the railroad operator’s stock after selling 47,332 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Union Pacific were worth $14,839,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA raised its holdings in Union Pacific by 5.4% during the second quarter. Private Trust Co. NA now owns 7,560 shares of the railroad operator’s stock valued at $823,000 after acquiring an additional 384 shares during the period. Capital Investment Advisors LLC raised its holdings in Union Pacific by 3.0% during the second quarter. Capital Investment Advisors LLC now owns 10,291 shares of the railroad operator’s stock valued at $1,121,000 after acquiring an additional 298 shares during the period. Fulton Bank N.A. raised its holdings in Union Pacific by 19.7% during the second quarter. Fulton Bank N.A. now owns 4,680 shares of the railroad operator’s stock valued at $510,000 after acquiring an additional 771 shares during the period. Tompkins Financial Corp raised its holdings in Union Pacific by 2.7% during the second quarter. Tompkins Financial Corp now owns 2,090 shares of the railroad operator’s stock valued at $228,000 after acquiring an additional 55 shares during the period. Finally, Lincoln Capital LLC raised its holdings in Union Pacific by 26.1% during the second quarter. Lincoln Capital LLC now owns 14,905 shares of the railroad operator’s stock valued at $1,623,000 after acquiring an additional 3,084 shares during the period. 78.47% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on UNP shares. Morgan Stanley cut Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Citigroup cut Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Wednesday, October 4th. Aegis cut Union Pacific from a “buy” rating to a “hold” rating and raised their price target for the company from $120.00 to $122.00 in a report on Tuesday, October 10th. JPMorgan Chase & Co. raised their price target on Union Pacific from $106.00 to $113.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Off Wall Street started coverage on Union Pacific in a report on Tuesday, October 17th. They set a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $125.16.
Shares of Union Pacific Co. (NYSE:UNP) opened at $141.25 on Friday. Union Pacific Co. has a twelve month low of $101.06 and a twelve month high of $142.19. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a market capitalization of $111,190.00, a PE ratio of 25.00, a PEG ratio of 1.89 and a beta of 0.90.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.01. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. research analysts anticipate that Union Pacific Co. will post 5.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were given a $0.665 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 1.88%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
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Union Pacific Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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