Meeder Asset Management Inc. Acquires 12,008 Shares of Union Pacific Co. (UNP)
Meeder Asset Management Inc. boosted its position in shares of Union Pacific Co. (NYSE:UNP) by 45.4% in the 4th quarter, HoldingsChannel reports. The fund owned 38,456 shares of the railroad operator’s stock after purchasing an additional 12,008 shares during the period. Meeder Asset Management Inc.’s holdings in Union Pacific were worth $5,158,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of UNP. FMR LLC grew its stake in Union Pacific by 84.6% during the second quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares in the last quarter. Janus Henderson Group PLC grew its stake in Union Pacific by 990.5% during the second quarter. Janus Henderson Group PLC now owns 2,243,574 shares of the railroad operator’s stock valued at $244,339,000 after acquiring an additional 2,037,834 shares in the last quarter. Voya Investment Management LLC grew its stake in Union Pacific by 88.7% during the second quarter. Voya Investment Management LLC now owns 4,060,423 shares of the railroad operator’s stock valued at $442,221,000 after acquiring an additional 1,908,175 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific by 59.3% during the second quarter. Ameriprise Financial Inc. now owns 4,773,609 shares of the railroad operator’s stock valued at $519,785,000 after acquiring an additional 1,776,644 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Union Pacific by 88.5% during the third quarter. Canada Pension Plan Investment Board now owns 3,558,005 shares of the railroad operator’s stock valued at $412,622,000 after acquiring an additional 1,670,095 shares in the last quarter. 78.41% of the stock is owned by institutional investors.
Several equities analysts recently commented on UNP shares. Barclays reaffirmed a “buy” rating and set a $150.00 price objective on shares of Union Pacific in a research note on Wednesday, December 13th. Scotiabank set a $150.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a research note on Thursday, January 11th. Argus boosted their price objective on shares of Union Pacific from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley boosted their price target on shares of Union Pacific from $105.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $124.00 price target on shares of Union Pacific in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $131.50.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 25th. The railroad operator reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.44 billion. Union Pacific had a return on equity of 22.26% and a net margin of 50.43%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 earnings per share. research analysts predict that Union Pacific Co. will post 7.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, February 28th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.27%. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 27th. Union Pacific’s payout ratio is presently 48.91%.
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Union Pacific 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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