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

State of Alaska Department of Revenue increased its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,618 shares of the railroad operator's stock after purchasing 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 Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new position in shares of Union Pacific during the 1st quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Union Pacific by 19.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator's stock worth $31,078,000 after buying an additional 20,173 shares during the last quarter. Shellback Capital LP boosted its stake in shares of Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator's stock worth $4,525,000 after buying an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Union Pacific during the 3rd quarter worth about $834,000. Finally, Maj Invest Holding A S boosted its stake in shares of 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 last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP traded down $0.45 during mid-day trading on Friday, hitting $230.30. 2,952,224 shares of the company's stock were exchanged, compared to its average volume of 2,281,261. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The stock's 50-day simple moving average is $246.02 and its 200-day simple moving average is $238.47. The firm has a market cap of $140.51 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Union Pacific Co. will post 11.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Union Pacific from $255.00 to $252.00 and set a "buy" rating for the company in a research note on Friday. BMO Capital Markets dropped their target price on shares of Union Pacific from $280.00 to $275.00 and set an "outperform" rating on the stock in a report on Friday, September 20th. Sanford C. Bernstein dropped their target price on shares of Union Pacific from $277.00 to $272.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus dropped their target price on shares of Union Pacific from $265.00 to $262.00 and set a "buy" rating on the stock in a report on Friday. Finally, Benchmark reaffirmed a "buy" rating and issued a $266.00 target price on shares of Union Pacific in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $259.15.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company's stock.

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.