FUKOKU MUTUAL LIFE INSURANCE Co Reduces Stock Holdings in Union Pacific Co. (NYSE:UNP)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in Union Pacific Co. (NYSE:UNP) by 18.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,023 shares of the railroad operator’s stock after selling 445 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Union Pacific were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in Union Pacific by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,312,154 shares of the railroad operator’s stock valued at $1,880,701,000 after buying an additional 106,996 shares in the last quarter. Capital Research Global Investors grew its position in shares of Union Pacific by 7.6% in the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after purchasing an additional 518,985 shares in the last quarter. Legal & General Group Plc boosted its stake in Union Pacific by 2.1% in the 2nd quarter. Legal & General Group Plc now owns 5,970,669 shares of the railroad operator’s stock worth $1,350,924,000 after purchasing an additional 124,571 shares during the period. Clearbridge Investments LLC grew its holdings in Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Union Pacific by 8.3% in the second quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after buying an additional 322,129 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $235.58 on Friday. The stock has a market cap of $142.82 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The firm has a 50-day moving average of $242.46 and a two-hundred day moving average of $238.64. Union Pacific Co. has a 1 year low of $215.81 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.51 EPS. On average, research analysts forecast that Union Pacific Co. will post 10.94 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Benchmark restated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a research report on Friday, October 25th. Raymond James upped their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Royal Bank of Canada dropped their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, TD Cowen reduced their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.80.

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.