State of Michigan Retirement System Has $37.38 Million Holdings in Union Pacific Corporation $UNP

State of Michigan Retirement System cut its position in Union Pacific Corporation (NYSE:UNP) by 0.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 162,445 shares of the railroad operator’s stock after selling 1,500 shares during the quarter. State of Michigan Retirement System’s holdings in Union Pacific were worth $37,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Nuveen LLC acquired a new position in Union Pacific in the 1st quarter valued at $988,822,000. Goldman Sachs Group Inc. grew its stake in Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after buying an additional 850,025 shares during the last quarter. Auto Owners Insurance Co grew its position in Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in Union Pacific in the 1st quarter worth $115,096,000. Finally, Canada Pension Plan Investment Board grew its position in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on UNP shares. Cowen restated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. TD Cowen decreased their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Susquehanna restated a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Price Performance

NYSE:UNP opened at $220.80 on Friday. The company has a 50-day moving average of $224.37 and a 200-day moving average of $224.32. The company has a market capitalization of $130.97 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.27 and a beta of 1.07. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

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.