Teachers Retirement System of The State of Kentucky Sells 1,446 Shares of Union Pacific Co. (NYSE:UNP)

Teachers Retirement System of The State of Kentucky reduced its position in Union Pacific Co. (NYSE:UNP) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 88,479 shares of the railroad operator’s stock after selling 1,446 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Union Pacific were worth $20,020,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UNP. OLD Point Trust & Financial Services N A bought a new stake in shares of Union Pacific in the fourth quarter valued at approximately $25,000. Richardson Capital Management LLC purchased a new position in Union Pacific in the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its holdings in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Union Pacific during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. bought a new position in shares of Union Pacific in the second quarter worth $27,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 0.4 %

NYSE:UNP opened at $245.50 on Wednesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The firm’s 50-day moving average price is $245.99 and its 200-day moving average price is $238.83. The company has a market capitalization of $149.56 billion, a PE ratio of 23.43, a P/E/G ratio of 2.25 and a beta of 1.05. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the company earned $2.57 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Co. will post 11.1 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $1.34 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Friday, August 30th. Union Pacific’s payout ratio is presently 51.15%.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen decreased their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Barclays decreased their price target on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. BMO Capital Markets decreased 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. Finally, Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Eight 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

About Union Pacific

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.