MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $288.29 Million Holdings in Union Pacific Corporation $UNP

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,219,645 shares of the railroad operator’s stock after selling 35,077 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Union Pacific were worth $288,287,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Moore Capital Management LP boosted its holdings in shares of Union Pacific by 137.1% during the third quarter. Moore Capital Management LP now owns 99,447 shares of the railroad operator’s stock worth $23,506,000 after purchasing an additional 57,500 shares during the period. Morgan Dempsey Capital Management LLC purchased a new position in Union Pacific during the third quarter valued at approximately $3,565,000. L2 Asset Management LLC increased its stake in Union Pacific by 4.1% in the 3rd quarter. L2 Asset Management LLC now owns 2,752 shares of the railroad operator’s stock valued at $650,000 after buying an additional 108 shares during the period. Larson Financial Group LLC lifted its position in Union Pacific by 25.4% in the 3rd quarter. Larson Financial Group LLC now owns 3,156 shares of the railroad operator’s stock worth $746,000 after buying an additional 640 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in Union Pacific by 8.5% in the 3rd quarter. Lido Advisors LLC now owns 63,792 shares of the railroad operator’s stock worth $15,079,000 after buying an additional 5,018 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $242.27 on Tuesday. The company has a market capitalization of $143.76 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. 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 Corporation has a one year low of $204.66 and a one year high of $268.14. The company’s fifty day moving average price is $246.68 and its 200 day moving average price is $234.04.

Union Pacific (NYSE:UNP) last released 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). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $2.91 earnings per share. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently announced 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 is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio is presently 46.12%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UNP shares. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, January 27th. BMO Capital Markets reissued a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a research report on Thursday, February 19th. Citigroup restated a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Barclays reaffirmed an “overweight” rating and issued a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.77.

Union Pacific Company 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.