Meeder Asset Management Inc. Has $35.65 Million Holdings in Union Pacific Corporation $UNP

Meeder Asset Management Inc. lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 425.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,815 shares of the railroad operator’s stock after purchasing an additional 122,125 shares during the period. Union Pacific accounts for 2.0% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Meeder Asset Management Inc.’s holdings in Union Pacific were worth $35,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Union Pacific by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock worth $21,475,000 after buying an additional 8,925 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of Union Pacific by 26.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after buying an additional 4,980 shares during the period. Union Bancaire Privee UBP SA raised its holdings in Union Pacific by 9.8% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock valued at $12,492,000 after buying an additional 4,707 shares during the last quarter. CX Institutional grew its holdings in Union Pacific by 39.8% in the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after acquiring an additional 18,742 shares during the last quarter. Finally, SCS Capital Management LLC increased its position in shares of Union Pacific by 165.2% in the second quarter. SCS Capital Management LLC now owns 34,808 shares of the railroad operator’s stock valued at $8,009,000 after acquiring an additional 21,685 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research note on Thursday, December 11th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a report on Thursday, December 18th. Citigroup set a $264.00 price objective on Union Pacific and gave the company a “buy” rating in a research report on Thursday. Barclays restated an “overweight” rating and set a $285.00 target price (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Finally, Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.46.

Union Pacific Trading Down 0.7%

NYSE UNP opened at $228.30 on Monday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The stock’s fifty day moving average price is $229.76 and its 200-day moving average price is $227.21. The stock has a market cap 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.

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

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s dividend payout ratio is currently 46.90%.

Union Pacific Company 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.