State of Alaska Department of Revenue Trims Stock Holdings in Union Pacific Corporation $UNP

State of Alaska Department of Revenue decreased its holdings in Union Pacific Corporation (NYSE:UNP) by 5.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 67,081 shares of the railroad operator’s stock after selling 3,710 shares during the period. State of Alaska Department of Revenue’s holdings in Union Pacific were worth $15,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of UNP. Nuveen LLC purchased a new position in shares of Union Pacific in the first quarter worth about $988,822,000. GAMMA Investing LLC grew its stake in Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after acquiring an additional 2,482,126 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after acquiring an additional 850,025 shares in the last quarter. Auto Owners Insurance Co grew its stake in Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after acquiring an additional 623,978 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new position in Union Pacific during the first quarter valued at approximately $115,096,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UNP shares. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Loop Capital raised shares of Union Pacific from a “sell” rating to a “hold” rating and boosted their price objective for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Finally, UBS Group boosted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.00.

Union Pacific Price Performance

UNP stock opened at $235.14 on Friday. The stock has a market cap of $139.45 billion, a PE ratio of 20.43, a P/E/G ratio of 2.42 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The firm has a 50 day simple moving average of $222.73 and a two-hundred day simple moving average of $224.63.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.74 EPS. On average, analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Union Pacific 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.