Mirae Asset Global Investments Co. Ltd. Purchases 21,117 Shares of Union Pacific Corporation $UNP

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

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

Key Headlines Impacting Union Pacific

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UNP shares. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a report on Tuesday. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, TD Cowen decreased their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday. One 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 stock presently has an average rating of “Moderate Buy” and an average price target of $258.32.

Get Our Latest Stock Report on Union Pacific

Union Pacific Stock Up 2.5%

Shares of Union Pacific stock opened at $233.51 on Friday. The company has a market capitalization of $138.51 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a 50 day moving average of $232.04 and a 200 day moving average of $226.80. Union Pacific Corporation has a 52-week low of $204.66 and a 52-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 announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $6.15 billion. During the same period last year, the company earned $2.91 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were paid a $1.38 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s payout ratio is currently 46.12%.

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

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

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