Public Employees Retirement System of Ohio Sells 2,352 Shares of Union Pacific Co. (NYSE:UNP)

Public Employees Retirement System of Ohio trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,796 shares of the railroad operator’s stock after selling 2,352 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Union Pacific were worth $67,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Shellback Capital LP lifted its stake in shares of Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS bought a new stake in Union Pacific in the 3rd quarter valued at about $834,000. Maj Invest Holding A S raised its stake in Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after buying an additional 2,202 shares during the period. Radnor Capital Management LLC bought a new position in shares of Union Pacific in the 3rd quarter worth $2,923,000. Finally, Signature Estate & Investment Advisors LLC grew its position in Union Pacific by 190.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock valued at $1,092,000 after purchasing an additional 2,905 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Benchmark reiterated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Royal Bank of Canada dropped their price target on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Susquehanna cut their target price on Union Pacific from $260.00 to $255.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Sanford C. Bernstein decreased their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $233.57 on Monday. The stock’s fifty day moving average is $239.22 and its 200 day moving average is $238.29. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66. The stock has a market cap of $141.60 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued 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). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter in the previous year, the company posted $2.51 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.29%. Union Pacific’s payout ratio is presently 49.22%.

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.