Union Pacific Corporation $UNP Shares Sold by NJ State Employees Deferred Compensation Plan

NJ State Employees Deferred Compensation Plan decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,090 shares of the railroad operator’s stock after selling 2,610 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Union Pacific were worth $3,803,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in shares of Union Pacific in the 2nd quarter valued at $1,856,340,000. Fisher Asset Management LLC raised its position in shares of Union Pacific by 0.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after acquiring an additional 46,436 shares in the last quarter. Amundi increased its stake in Union Pacific by 35.6% during the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after purchasing an additional 1,255,231 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Union Pacific by 32.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock valued at $725,222,000 after buying an additional 778,411 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of Union Pacific by 22,618.2% during the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. TD Cowen cut their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research report on Thursday, December 18th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $258.32.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $260.55 on Tuesday. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37. The firm has a market cap of $154.61 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The business’s 50-day simple moving average is $236.94 and its 200-day simple moving average is $228.92.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.Union Pacific’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.91 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio is 46.12%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.