Korea Investment CORP Boosts Holdings in Union Pacific Corporation $UNP

Korea Investment CORP increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,313 shares of the railroad operator’s stock after acquiring an additional 4,731 shares during the quarter. Korea Investment CORP owned about 0.08% of Union Pacific worth $112,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNP. Norges Bank acquired a new stake in Union Pacific during the 2nd quarter worth $1,856,340,000. Laurel Wealth Advisors LLC increased its stake in Union Pacific by 22,618.2% in the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the period. Amundi raised its holdings in shares of Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after buying an additional 1,255,231 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Union Pacific by 32.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after buying an additional 778,411 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Union Pacific by 287.8% during the second quarter. First Trust Advisors LP now owns 987,276 shares of the railroad operator’s stock worth $227,153,000 after buying an additional 732,707 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UNP. TD Cowen lowered their target price on Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $263.77.

Union Pacific Stock Performance

UNP opened at $253.98 on Friday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The stock has a market cap of $150.71 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.77 and a beta of 0.95. The stock’s 50 day simple moving average is $244.90 and its 200 day simple moving average is $233.00. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP) last announced its 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). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.91 EPS. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.2%. Union Pacific’s dividend payout ratio is presently 46.12%.

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.