Teacher Retirement System of Texas Boosts Stake in Union Pacific Corporation $UNP

Teacher Retirement System of Texas grew its stake in Union Pacific Corporation (NYSE:UNP) by 18.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,423 shares of the railroad operator’s stock after acquiring an additional 48,371 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Union Pacific worth $74,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Howard Hughes Medical Institute purchased a new position in Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. acquired a new position in shares of Union Pacific in the second quarter valued at approximately $31,000. Financial Gravity Companies Inc. acquired a new stake in Union Pacific during the second quarter worth approximately $31,000. Access Investment Management LLC purchased a new stake in Union Pacific in the 2nd quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Union Pacific in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Royal Bank Of Canada set a $280.00 price target on Union Pacific in a research note on Thursday, December 18th. Barclays restated an “overweight” rating and issued a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a research report on Thursday, December 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $259.58.

Union Pacific Trading Up 0.9%

Shares of UNP stock opened at $231.44 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm’s 50 day moving average price is $231.09 and its two-hundred day moving average price is $226.98. The stock has a market cap of $137.28 billion, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 2.64 and a beta of 0.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the firm posted $2.75 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is presently 46.90%.

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.