State of Alaska Department of Revenue Has $17.90 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

State of Alaska Department of Revenue lifted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 72,618 shares of the railroad operator’s stock after acquiring an additional 2,325 shares during the period. State of Alaska Department of Revenue’s holdings in Union Pacific were worth $17,898,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in Union Pacific during the second quarter valued at approximately $28,000. Cultivar Capital Inc. bought a new position in shares of Union Pacific during the 2nd quarter worth approximately $27,000. Tributary Capital Management LLC acquired a new stake in Union Pacific in the 1st quarter valued at $30,000. Jamison Private Wealth Management Inc. grew its position in Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 93 shares during the period. Finally, Fairscale Capital LLC acquired a new position in Union Pacific during the second quarter worth $31,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific Stock Performance

Union Pacific stock opened at $230.30 on Friday. Union Pacific Co. has a 1 year low of $199.97 and a 1 year high of $258.66. The company’s 50-day moving average is $246.02 and its two-hundred day moving average is $238.46. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The company has a market cap of $140.30 billion, a PE ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.01). Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same quarter in the prior year, the company earned $2.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate that Union Pacific Co. will post 11.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Barclays reduced their price target on shares of Union Pacific from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Friday. Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Bank of America cut their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Citigroup initiated coverage on Union Pacific in a research report on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $259.15.

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.