Vestcor Inc Sells 4,825 Shares of Union Pacific Corporation $UNP

Vestcor Inc lessened its position in shares of Union Pacific Corporation (NYSE:UNP) by 29.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,640 shares of the railroad operator’s stock after selling 4,825 shares during the period. Vestcor Inc’s holdings in Union Pacific were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank acquired a new position in Union Pacific in the 2nd quarter worth about $1,856,340,000. Fisher Asset Management LLC grew its stake in Union Pacific by 0.5% during the third quarter. Fisher Asset Management LLC now owns 6,428,229 shares of the railroad operator’s stock worth $1,519,441,000 after purchasing an additional 29,514 shares during the period. Amundi increased its stake in shares of Union Pacific by 35.6% in the 2nd quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock valued at $1,134,236,000 after acquiring an additional 1,255,231 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Union Pacific by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,693,498 shares of the railroad operator’s stock valued at $873,018,000 after purchasing an additional 101,776 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in 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 worth $725,222,000 after buying an additional 778,411 shares during the period. Institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UNP shares. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a report on Thursday, December 18th. Citigroup reaffirmed a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $263.77.

Union Pacific Trading Down 1.4%

Shares of UNP stock opened at $250.16 on Wednesday. The company has a market capitalization of $148.44 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 2.77 and a beta of 0.95. 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 fifty day moving average is $245.61 and its 200 day moving average is $233.41. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $268.14.

Union Pacific (NYSE:UNP) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the prior year, the company earned $2.91 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.2%. Union Pacific’s dividend payout ratio (DPR) is presently 46.12%.

Union Pacific Company 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.