Mitsubishi UFJ Asset Management Co. Ltd. Buys 67,351 Shares of Union Pacific Corporation $UNP

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,146,965 shares of the railroad operator’s stock after purchasing an additional 67,351 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Union Pacific worth $263,894,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Union Pacific by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after purchasing an additional 8,925 shares in the last quarter. LGT Group Foundation boosted its stake in shares of Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after buying an additional 477 shares during the period. Nuveen LLC acquired a new stake in Union Pacific during the first quarter worth approximately $988,822,000. SlateStone Wealth LLC increased its stake in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after acquiring an additional 772 shares during the period. Finally, Gallacher Capital Management LLC raised its holdings in Union Pacific by 153.1% in the 1st quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock valued at $594,000 after acquiring an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Evercore ISI cut their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Susquehanna reissued a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Wells Fargo & Company boosted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, TD Cowen cut their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” 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 assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Trading Up 1.7%

NYSE UNP opened at $221.65 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The business’s fifty day moving average is $224.06 and its 200 day moving average is $224.32. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The company has a market cap of $131.47 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04.

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

Union Pacific Company Profile

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.