Resona Asset Management Co. Ltd. Has $47.31 Million Stake in Union Pacific Corporation $UNP

Resona Asset Management Co. Ltd. increased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 205,431 shares of the railroad operator’s stock after acquiring an additional 5,756 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Union Pacific were worth $47,308,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. grew its holdings 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 grew its holdings in shares of Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth approximately $988,822,000. SlateStone Wealth LLC grew its holdings in shares of 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 purchasing an additional 772 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its holdings in shares of Union Pacific by 153.1% during the 1st quarter. Gallacher Capital Management LLC now owns 2,513 shares of the railroad operator’s stock worth $594,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $217.47 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The company has a market capitalization of $128.99 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The business has a 50 day simple moving average of $224.18 and a 200 day simple moving average of $224.32.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $2.75 EPS. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UNP shares. Citigroup lifted their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Sanford C. Bernstein lifted their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Wells Fargo & Company lifted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Evercore ISI decreased their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.63.

About Union Pacific

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.