Public Employees Retirement System of Ohio Decreases Stake in Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

Public Employees Retirement System of Ohio cut its position in Union Pacific Co. (NYSE:UNP – Free Report) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 260,227 shares of the railroad operator’s stock after selling 12,569 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Union Pacific were worth $59,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Pacific Point Advisors LLC acquired a new position in shares of Union Pacific during the fourth quarter worth $605,000. McMill Wealth Management acquired a new position in shares of Union Pacific during the fourth quarter worth $962,000. Vega Investment Solutions acquired a new position in shares of Union Pacific during the fourth quarter worth $296,000. Sunbelt Securities Inc. grew its stake in shares of Union Pacific by 10.1% during the fourth quarter. Sunbelt Securities Inc. now owns 4,866 shares of the railroad operator’s stock worth $1,108,000 after purchasing an additional 448 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in shares of Union Pacific by 64.2% during the fourth quarter. Vise Technologies Inc. now owns 7,596 shares of the railroad operator’s stock worth $1,732,000 after purchasing an additional 2,969 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Redburn Atlantic upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price for the company in a research note on Wednesday, April 16th. Bank of America boosted their target price on shares of Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Guggenheim boosted their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Barclays lowered their target price on shares of Union Pacific from $285.00 to $260.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.50.

View Our Latest Stock Analysis on UNP

Union Pacific Price Performance

Shares of UNP opened at $222.93 on Friday. Union Pacific Co. has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a market capitalization of $133.19 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The firm has a 50-day simple moving average of $223.29 and a 200-day simple moving average of $233.51. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77.

Union Pacific (NYSE:UNP – Get Free Report) last announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the company posted $2.69 EPS. Union Pacific’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, May 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.40%. Union Pacific’s dividend payout ratio (DPR) is 48.29%.

Union Pacific Company Profile

(Free Report)

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.

Further Reading

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