State Board of Administration of Florida Retirement System lowered its position in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 714,077 shares of the railroad operator's stock after selling 6,190 shares during the quarter. State Board of Administration of Florida Retirement System's holdings in Union Pacific were worth $139,116,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of UNP. Nordea Investment Management AB boosted its stake in Union Pacific by 8.7% in the third quarter. Nordea Investment Management AB now owns 50,653 shares of the railroad operator's stock valued at $10,083,000 after acquiring an additional 4,051 shares in the last quarter. Kesler Norman & Wride LLC increased its holdings in Union Pacific by 1.4% in the third quarter. Kesler Norman & Wride LLC now owns 29,591 shares of the railroad operator's stock valued at $5,765,000 after buying an additional 402 shares in the last quarter. PFS Investments Inc. increased its holdings in Union Pacific by 10.5% in the second quarter. PFS Investments Inc. now owns 30,842 shares of the railroad operator's stock valued at $6,578,000 after buying an additional 2,919 shares in the last quarter. CoreFirst Bank & Trust increased its holdings in Union Pacific by 48.2% in the second quarter. CoreFirst Bank & Trust now owns 2,739 shares of the railroad operator's stock valued at $584,000 after buying an additional 891 shares in the last quarter. Finally, Everhart Financial Group Inc. purchased a new position in Union Pacific in the third quarter valued at $257,000. 77.27% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
UNP has been the subject of a number of research reports. Cowen boosted their target price on shares of Union Pacific from $213.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 25th. UBS Group dropped their price objective on shares of Union Pacific from $212.00 to $210.00 and set a "neutral" rating for the company in a research note on Friday, October 21st. Barclays boosted their target price on shares of Union Pacific from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday, January 11th. Susquehanna boosted their target price on shares of Union Pacific from $215.00 to $218.00 in a report on Wednesday, January 25th. Finally, Susquehanna Bancshares decreased their price objective on shares of Union Pacific from $208.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $218.92.
Union Pacific Stock Performance
NYSE:UNP traded down $0.34 during trading hours on Thursday, reaching $207.59. 159,119 shares of the company's stock were exchanged, compared to its average volume of 2,722,355. The firm has a market capitalization of $127.63 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.78 and a beta of 1.11. The company has a 50-day moving average of $210.01 and a 200 day moving average of $212.76. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 2.60. Union Pacific Co. has a 1-year low of $183.70 and a 1-year high of $278.94.
Union Pacific (NYSE:UNP – Get Rating) last released its earnings results on Tuesday, January 24th. The railroad operator reported $2.67 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.08). Union Pacific had a return on equity of 58.41% and a net margin of 28.13%. The firm had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter last year, the business posted $2.66 EPS. The firm's revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Union Pacific Co. will post 11.49 EPS for the current year.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Monday, December 19th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, December 16th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.50%. Union Pacific's dividend payout ratio (DPR) is presently 46.35%.
Union Pacific Profile
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Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad's diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.
Further Reading
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