State of Alaska Department of Revenue Has $17.90 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

State of Alaska Department of Revenue boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,618 shares of the railroad operator’s stock after buying an additional 2,325 shares during the period. State of Alaska Department of Revenue’s holdings in Union Pacific were worth $17,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas purchased a new stake in shares of Union Pacific in the first quarter worth approximately $1,088,000. Envestnet Portfolio Solutions Inc. increased its stake in Union Pacific by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after buying an additional 20,173 shares during the period. Shellback Capital LP lifted its position in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after buying an additional 4,400 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of Union Pacific during the 3rd quarter valued at $834,000. Finally, Maj Invest Holding A S grew its holdings in shares of Union Pacific by 0.3% during the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after acquiring an additional 2,202 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.2 %

Union Pacific stock opened at $230.30 on Friday. Union Pacific Co. has a 52 week low of $199.97 and a 52 week high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm has a market capitalization of $140.30 billion, a PE ratio of 21.62, a PEG ratio of 2.23 and a beta of 1.05. The business’s 50-day simple moving average is $246.02 and its 200-day simple moving average is $238.46.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.76 by ($0.01). Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same period in the prior year, the firm earned $2.51 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Union Pacific Co. will post 11.07 earnings per share for the current year.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. TD Cowen cut their price objective on Union Pacific from $255.00 to $252.00 and set a “buy” rating for the company in a report on Friday. Citigroup started coverage on Union Pacific in a research note on Wednesday, October 9th. They set a “neutral” rating and a $264.00 price target for the company. Sanford C. Bernstein lowered their price target on Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Stifel Nicolaus cut their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $259.15.

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.