Public Employees Retirement System of Ohio Decreases Position in Union Pacific Co. (NYSE:UNP)

Public Employees Retirement System of Ohio lessened its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,796 shares of the railroad operator's stock after selling 2,352 shares during the period. Public Employees Retirement System of Ohio's holdings in Union Pacific were worth $67,239,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UNP. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific during the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Union Pacific during the 3rd quarter worth $30,000. Jamison Private Wealth Management Inc. raised 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 purchasing an additional 93 shares during the last quarter. Finally, Fairscale Capital LLC bought a new position in Union Pacific in the second quarter valued at about $31,000. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Up 0.9 %

UNP traded up $1.99 on Monday, hitting $234.22. The company had a trading volume of 1,434,905 shares, compared to its average volume of 2,328,966. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The stock has a fifty day simple moving average of $239.22 and a 200-day simple moving average of $238.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The firm has a market capitalization of $142.00 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The firm had revenue of $6.09 billion for the quarter, compared to analysts' expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 EPS. As a group, equities analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. Union Pacific's dividend payout ratio is currently 49.22%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UNP. Royal Bank of Canada decreased their price target on Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Evercore ISI cut Union Pacific from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. BMO Capital Markets dropped their target price on 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 Union Pacific from $277.00 to $272.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on Union Pacific from $263.00 to $252.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $259.80.

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.