Kentucky Retirement Systems purchased a new stake in Union Pacific Corp. (NYSE:UNP) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 71,520 shares of the railroad operator’s stock, valued at approximately $6,240,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Union Pacific Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 50,939,957 shares of the railroad operator’s stock valued at $4,444,511,000 after buying an additional 448,539 shares during the period. Dodge & Cox increased its stake in Union Pacific Corp. by 24.0% in the second quarter. Dodge & Cox now owns 15,188,949 shares of the railroad operator’s stock valued at $1,325,236,000 after buying an additional 2,936,275 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Union Pacific Corp. by 7.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,465,153 shares of the railroad operator’s stock valued at $1,262,084,000 after buying an additional 1,035,158 shares during the period. Dimensional Fund Advisors LP increased its stake in Union Pacific Corp. by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 7,772,244 shares of the railroad operator’s stock valued at $678,090,000 after buying an additional 269,101 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Union Pacific Corp. by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 7,457,098 shares of the railroad operator’s stock valued at $650,632,000 after buying an additional 112,623 shares during the period. 78.09% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Union Pacific Corp. (NYSE:UNP)

Shares of Union Pacific Corp. (NYSE:UNP) traded up 1.03% on Friday, reaching $99.83. 3,653,396 shares of the company were exchanged. The stock has a market capitalization of $82.27 billion, a P/E ratio of 20.01 and a beta of 0.66. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $100.00. The stock has a 50 day moving average price of $93.75 and a 200-day moving average price of $90.87.

Union Pacific Corp. (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by $0.03. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the company earned $1.50 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts expect that Union Pacific Corp. will post $5.00 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.605 per share. The ex-dividend date is Monday, November 28th. This represents a $2.42 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Union Pacific Corp.’s previous quarterly dividend of $0.55. Union Pacific Corp.’s dividend payout ratio is currently 44.00%.

Several equities research analysts recently issued reports on UNP shares. Vetr downgraded shares of Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $90.44 price target on the stock. in a research note on Wednesday, August 17th. Loop Capital reissued a “hold” rating and set a $96.00 price objective on shares of Union Pacific Corp. in a report on Sunday, October 23rd. Zacks Investment Research lowered shares of Union Pacific Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th. Seaport Global Securities initiated coverage on shares of Union Pacific Corp. in a report on Monday, October 24th. They set a “buy” rating and a $100.00 price objective for the company. Finally, Atlantic Securities initiated coverage on shares of Union Pacific Corp. in a report on Thursday, August 11th. They set an “overweight” rating and a $114.00 price objective for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Union Pacific Corp. currently has an average rating of “Hold” and an average target price of $96.38.

In other news, EVP Robert M. Knight, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $97.00, for a total value of $485,000.00. Following the transaction, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,614,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cameron A. Scott sold 6,484 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $98.44, for a total transaction of $638,284.96. Following the completion of the transaction, the executive vice president now directly owns 71,320 shares in the company, valued at approximately $7,020,740.80. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Union Pacific Corp.

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

5 Day Chart for NYSE:UNP

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