Mizuho Markets Cayman LP Invests $1.52 Million in Union Pacific Corporation $UNP

Mizuho Markets Cayman LP bought a new position in shares of Union Pacific Corporation (NYSE:UNPFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,565 shares of the railroad operator’s stock, valued at approximately $1,519,000.

Other institutional investors have also modified their holdings of the company. Midwest Trust Co boosted its holdings in Union Pacific by 2.8% in the 3rd quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after acquiring an additional 7,759 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Union Pacific by 15.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after acquiring an additional 17,696 shares during the period. Bessemer Group Inc. boosted its holdings in Union Pacific by 29.6% in the 3rd quarter. Bessemer Group Inc. now owns 653,589 shares of the railroad operator’s stock worth $154,488,000 after acquiring an additional 149,158 shares during the period. AustralianSuper Pty Ltd purchased a new position in Union Pacific in the 3rd quarter worth approximately $802,000. Finally, Berman McAleer LLC purchased a new position in Union Pacific in the 3rd quarter worth approximately $1,036,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Union Pacific stock opened at $265.65 on Friday. The stock has a market cap of $157.72 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. The stock has a 50 day moving average of $253.79 and a 200-day moving average of $243.82. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $276.40.

Union Pacific (NYSE:UNPGet Free Report) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 EPS. On average, analysts expect that Union Pacific Corporation will post 12.53 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. Union Pacific’s dividend payout ratio is 45.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNP shares. UBS Group restated a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a report on Friday, April 24th. Barclays restated an “overweight” rating and issued a $315.00 price target (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $289.00 price target (up from $273.00) on shares of Union Pacific in a report on Friday, April 24th. Wells Fargo & Company restated an “overweight” rating and issued a $300.00 price target (up from $260.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and issued a $277.00 price target on shares of Union Pacific in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $280.47.

Check Out Our Latest Report on UNP

Insider Activity

In related news, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $234.93, for a total transaction of $469,625.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total value of $549,400.00. Following the sale, the chief financial officer directly owned 114,642 shares in the company, valued at approximately $31,492,157.40. This represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 31,386 shares of company stock worth $8,461,716. 0.22% of the stock is currently owned by insiders.

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.

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

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