Sumitomo Life Insurance Co. Acquires 190 Shares of Union Pacific Co. (NYSE:UNP)

Sumitomo Life Insurance Co. grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,258 shares of the railroad operator’s stock after buying an additional 190 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Union Pacific were worth $2,035,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UNP. Richardson Capital Management LLC bought a new stake in Union Pacific during the first quarter worth about $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Union Pacific during the 2nd quarter worth approximately $28,000. Scarborough Advisors LLC bought a new stake in shares of Union Pacific during the 4th quarter worth approximately $29,000. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $27,000. Finally, Tributary Capital Management LLC bought a new position in shares of Union Pacific in the 1st quarter valued at about $30,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Susquehanna increased their target price on Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. TD Cowen dropped their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Stifel Nicolaus dropped their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.25.

Union Pacific Price Performance

Shares of NYSE UNP traded up $3.11 during trading hours on Wednesday, hitting $248.90. 280,515 shares of the stock were exchanged, compared to its average volume of 2,261,338. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The company has a market cap of $151.86 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The company’s fifty day simple moving average is $246.03 and its two-hundred day simple moving average is $238.54.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the business posted $2.57 EPS. The company’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts predict that Union Pacific Co. will post 11.06 EPS for the current year.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

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.