Union Pacific Co. (NYSE:UNP) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 213,075 shares of the railroad operator's stock after selling 29,086 shares during the period. State of Tennessee Department of Treasury's holdings in Union Pacific were worth $48,590,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Howard Capital Management Group LLC boosted its stake in shares of Union Pacific by 16.4% during the third quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator's stock valued at $705,000 after purchasing an additional 403 shares during the period. Anchor Investment Management LLC boosted its position in Union Pacific by 0.6% in the 3rd quarter. Anchor Investment Management LLC now owns 43,071 shares of the railroad operator's stock valued at $10,616,000 after buying an additional 276 shares during the period. World Investment Advisors LLC boosted its position in Union Pacific by 103.1% in 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 period. Arvest Bank Trust Division purchased a new position in shares of Union Pacific during the third quarter worth approximately $16,680,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of Union Pacific by 124.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 52,963 shares of the railroad operator's stock valued at $13,054,000 after acquiring an additional 29,330 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Insider Buying and Selling at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the sale, the executive vice president now owns 26,319 shares of the company's stock, valued at $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company's stock.

Union Pacific Stock Down 1.0 %

Shares of UNP traded down $2.10 during mid-day trading on Friday, hitting $213.35. 3,251,926 shares of the company traded hands, compared to its average volume of 3,022,230. The company has a market capitalization of $127.86 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The business has a 50 day moving average of $232.43 and a 200 day moving average of $235.84. Union Pacific Co. has a 1-year low of $204.66 and a 1-year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.79 by ($0.09). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The company had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Equities research analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $1.34 per share. The ex-dividend date was Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a yield of 2.51%. Union Pacific's dividend payout ratio is currently 48.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UNP shares. Jefferies Financial Group dropped their price objective on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Susquehanna dropped their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on Union Pacific in a report on Friday, March 7th. They issued a "buy" rating and a $295.00 price objective for the company. Benchmark increased their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Loop Capital lowered shares of Union Pacific from a "hold" rating to a "sell" rating and reduced their price target for the company from $265.00 to $200.00 in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $255.82.

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.