Norinchukin Bank The Has $6.16 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Norinchukin Bank increased its stake in Union Pacific Corporation by 12.0%, now owning 26,066 shares valued at approximately $6.16 million.
• Union Pacific recently declared a quarterly dividend of $1.38 per share, representing a notable increase from its previous dividend and a yield of 2.5%.
• Analysts have mixed ratings on Union Pacific, with a consensus rating of "Moderate Buy" and an average target price of $258.21.

Norinchukin Bank The increased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,066 shares of the railroad operator's stock after buying an additional 2,786 shares during the period. Norinchukin Bank The's holdings in Union Pacific were worth $6,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co raised its stake in shares of Union Pacific by 2.8% during the fourth quarter. Fiduciary Trust Co now owns 102,213 shares of the railroad operator's stock worth $23,309,000 after buying an additional 2,807 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Union Pacific during the fourth quarter worth approximately $781,000. LGT Group Foundation raised its stake in shares of Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after buying an additional 477 shares during the last quarter. Nuveen LLC bought a new stake in shares of Union Pacific during the first quarter worth approximately $988,822,000. Finally, SlateStone Wealth LLC increased its stake in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock valued at $3,133,000 after purchasing an additional 772 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna lowered their target price on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research note on Monday, June 2nd. UBS Group upped their target price on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Citigroup downgraded shares of Union Pacific from a "strong-buy" rating to a "hold" rating and lowered their target price for the company from $270.00 to $250.00 in a research note on Wednesday, July 30th. Finally, Baird R W raised shares of Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Down 2.0%

UNP traded down $4.4920 during trading hours on Monday, hitting $223.3580. 5,992,964 shares of the company's stock were exchanged, compared to its average volume of 3,396,412. The stock has a market cap of $132.46 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.21 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock's 50-day moving average is $226.99 and its two-hundred day moving average is $228.58. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the previous year, the business earned $2.74 EPS. Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is currently 46.57%.

Union Pacific 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.