Union Pacific Co. (NYSE:UNP) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,696 shares of the railroad operator's stock after acquiring an additional 103,267 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Union Pacific worth $84,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. World Investment Advisors LLC grew its holdings in Union Pacific by 103.1% during the 3rd quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock valued at $8,770,000 after buying an additional 18,060 shares during the last quarter. abrdn plc boosted its stake in shares of Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after acquiring an additional 35,414 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock valued at $44,348,000 after acquiring an additional 4,939 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its position in 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 purchasing an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic raised its stake in Union Pacific by 61.5% in the 4th quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator's stock valued at $2,394,000 after purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UNP shares. Raymond James reaffirmed a "strong-buy" rating and set a $285.00 price target (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Stifel Nicolaus raised their target price on shares of Union Pacific from $253.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. TD Cowen boosted their price target on Union Pacific from $245.00 to $258.00 and gave the company a "buy" rating in a report on Friday, January 24th. Guggenheim raised their price objective on Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft initiated 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $263.00.

Union Pacific Stock Up 0.6 %

NYSE UNP traded up $1.32 during trading hours on Monday, hitting $235.20. The company had a trading volume of 3,291,145 shares, compared to its average volume of 2,308,527. The firm's 50 day moving average is $242.68 and its 200 day moving average is $239.94. The company has a market capitalization of $142.13 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.07. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same period last year, the company earned $2.71 earnings per share. Sell-side analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.28%. Union Pacific's payout ratio is currently 48.33%.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the transaction, the president now owns 64,960 shares of the company's stock, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction that occurred on Monday, January 27th. The stock was 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 owns 26,319 shares in the company, valued at $6,632,388. This represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.