Texas Permanent School Fund Corp Lowers Holdings in Union Pacific Corporation $UNP

by · The Markets Daily

Texas Permanent School Fund Corp lowered its stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) by 28.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 51,502 shares of the railroad operator’s stock after selling 20,050 shares during the period. Texas Permanent School Fund Corp’s holdings in Union Pacific were worth $11,850,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UNP. CBIZ Investment Advisory Services LLC grew its holdings in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares during the period. Howard Hughes Medical Institute purchased a new stake in Union Pacific in the 2nd quarter worth approximately $30,000. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $31,000. Total Investment Management Inc. acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $31,000. Finally, Access Investment Management LLC acquired a new stake in shares of Union Pacific during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Citigroup lifted their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. BMO Capital Markets lowered their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $259.54.

Check Out Our Latest Analysis on Union Pacific

Union Pacific Stock Performance

NYSE:UNP opened at $239.90 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The stock has a market capitalization of $142.30 billion, a PE ratio of 20.38, a P/E/G ratio of 2.66 and a beta of 0.99. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a fifty day moving average of $226.39 and a two-hundred day moving average of $225.81.

Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the company earned $2.75 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is 46.90%.

About Union Pacific

(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.

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