Maryland State Retirement & Pension System decreased its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,817 shares of the railroad operator's stock after selling 2,368 shares during the period. Maryland State Retirement & Pension System's holdings in Union Pacific were worth $7,484,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC lifted its holdings in shares of Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock worth $8,770,000 after acquiring an additional 18,060 shares during the last quarter. abrdn plc lifted its holdings in shares of Union Pacific by 9.3% during the 4th quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock worth $94,588,000 after acquiring an additional 35,414 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Union Pacific by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock worth $44,348,000 after acquiring an additional 4,939 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Union Pacific by 24.2% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock worth $63,185,000 after acquiring an additional 53,946 shares during the last quarter. Finally, Pensionfund Sabic lifted its holdings in shares of Union Pacific by 61.5% during the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator's stock worth $2,394,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 80.38% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on UNP shares. Stifel Nicolaus boosted their price objective on shares of Union Pacific from $253.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Citigroup boosted their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. BMO Capital Markets boosted their price objective on shares of Union Pacific from $275.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Raymond James reiterated a "strong-buy" rating and issued a $285.00 price objective (up previously from $265.00) on shares of Union Pacific in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research report on Friday, March 7th. They issued a "buy" rating and a $295.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $263.00.
View Our Latest Research Report on Union Pacific
Insider Activity at Union Pacific
In related news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the sale, the president now directly owns 64,960 shares of the company's stock, valued at $16,240,000. This trade represents a 10.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now directly owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
Union Pacific Stock Down 0.4 %
UNP traded down $1.00 during midday trading on Friday, reaching $233.79. The company's stock had a trading volume of 4,167,677 shares, compared to its average volume of 2,304,584. The firm has a market capitalization of $141.28 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 2.15 and a beta of 1.05. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.07. The stock's 50-day moving average is $242.68 and its 200-day moving average is $240.05.
Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the prior year, the business posted $2.71 EPS. As a group, research analysts expect that Union Pacific Co. will post 11.99 EPS for the current year.
Union Pacific Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific's dividend payout ratio (DPR) is 48.33%.
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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