State of Alaska Department of Revenue Has $20.26 Million Stake in Union Pacific Co. (NYSE:UNP)

State of Alaska Department of Revenue lowered its stake in Union Pacific Co. (NYSE:UNP – Get Rating) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,844 shares of the railroad operator’s stock after selling 935 shares during the period. State of Alaska Department of Revenue’s holdings in Union Pacific were worth $20,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Tyler Stone Wealth Management increased its holdings in shares of Union Pacific by 85.5% in the second quarter. Tyler Stone Wealth Management now owns 128 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $40,000. Chilton Capital Management LLC acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $40,000. Power Corp of Canada acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $40,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 77.27% of the company’s stock.

Insider Transactions at Union Pacific

In other news, EVP Elizabeth F. Whited sold 2,500 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $213.00, for a total transaction of $532,500.00. Following the transaction, the executive vice president now directly owns 39,080 shares in the company, valued at approximately $8,324,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Susquehanna raised their price target on shares of Union Pacific from $215.00 to $218.00 in a report on Wednesday, January 25th. Royal Bank of Canada raised shares of Union Pacific from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from $191.00 to $210.00 in a report on Monday, February 27th. Wells Fargo & Company lowered their target price on shares of Union Pacific from $205.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, January 4th. Cowen lifted their target price on shares of Union Pacific from $213.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Union Pacific from $215.00 to $207.00 in a report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Hold” and a consensus target price of $218.60.

Union Pacific Stock Down 1.5 %

NYSE:UNP traded down $2.90 on Friday, hitting $190.01. 11,852,820 shares of the company’s stock were exchanged, compared to its average volume of 4,290,306. The firm has a 50-day moving average price of $204.40 and a 200-day moving average price of $206.84. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.72 and a quick ratio of 0.58. Union Pacific Co. has a 52 week low of $183.70 and a 52 week high of $278.94. The company has a market cap of $116.26 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.68 and a beta of 1.10.

Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly 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 business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same period last year, the firm earned $2.66 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Union Pacific Co. will post 11.46 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $5.20 annualized dividend and a dividend yield of 2.74%. Union Pacific’s dividend payout ratio is presently 46.35%.

About Union Pacific

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Union Pacific Corp. engages in the provision of railroad and freight transportation services. The company was founded in 1969 and is headquartered in Omaha, NE.