Korea Investment CORP Boosts Stake in Union Pacific Corporation $UNP

Korea Investment CORP boosted its holdings in Union Pacific Corporation (NYSE:UNP) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 469,582 shares of the railroad operator’s stock after purchasing an additional 17,277 shares during the period. Korea Investment CORP owned about 0.08% of Union Pacific worth $108,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pines Wealth Management LLC grew its position in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after buying an additional 43 shares in the last quarter. Titleist Asset Management LLC boosted its stake in Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after acquiring an additional 44 shares during the last quarter. Five Oceans Advisors grew its holdings in Union Pacific by 3.9% during the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after acquiring an additional 44 shares in the last quarter. St. Johns Investment Management Company LLC increased its position in shares of Union Pacific by 1.6% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after purchasing an additional 46 shares during the last quarter. Finally, Schubert & Co raised its stake in shares of Union Pacific by 1.9% in the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after purchasing an additional 47 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UNP. Cowen reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Royal Bank Of Canada increased their target price on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets decreased their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Stock Performance

UNP stock opened at $230.97 on Thursday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market capitalization of $137.00 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The stock’s fifty day moving average is $225.53 and its two-hundred day moving average is $225.15.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the company posted $2.75 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is presently 46.90%.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.