Sumitomo Mitsui Trust Group Inc. Purchases 16,859 Shares of Union Pacific Corporation $UNP

Sumitomo Mitsui Trust Group Inc. increased its holdings in Union Pacific Corporation (NYSE:UNP) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,447,634 shares of the railroad operator’s stock after acquiring an additional 16,859 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of Union Pacific worth $342,177,000 at the end of the most recent quarter.

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

Union Pacific Stock Performance

NYSE UNP opened at $228.30 on Monday. The company has a market capitalization of $135.42 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.60 and a beta of 0.99. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a fifty day moving average of $229.76 and a 200-day moving average of $227.21.

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

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is 46.90%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UNP. TD Cowen cut their target price on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Union Pacific in a report on Thursday, December 11th. Susquehanna restated a “positive” rating and set a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a report on Thursday, December 18th. Finally, BMO Capital Markets set a $255.00 price target on shares of Union Pacific in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.46.

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.