State of New Jersey Common Pension Fund D boosted its position in Union Pacific Co. (NYSE:UNP) by 32.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 160,000 shares of the railroad operator’s stock after purchasing an additional 39,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Union Pacific were worth $18,555,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Union Pacific by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 61,505,708 shares of the railroad operator’s stock valued at $6,698,588,000 after acquiring an additional 1,146,109 shares during the period. BlackRock Inc. raised its holdings in Union Pacific by 0.3% in the 2nd quarter. BlackRock Inc. now owns 50,764,821 shares of the railroad operator’s stock valued at $5,528,796,000 after acquiring an additional 141,521 shares during the period. FMR LLC raised its holdings in Union Pacific by 84.6% in the 2nd quarter. FMR LLC now owns 9,603,068 shares of the railroad operator’s stock valued at $1,045,870,000 after acquiring an additional 4,399,980 shares during the period. TIAA CREF Investment Management LLC raised its holdings in Union Pacific by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 7,948,391 shares of the railroad operator’s stock valued at $865,659,000 after acquiring an additional 46,298 shares during the period. Finally, Capital World Investors raised its holdings in Union Pacific by 0.7% in the 2nd quarter. Capital World Investors now owns 7,328,002 shares of the railroad operator’s stock valued at $798,093,000 after acquiring an additional 50,000 shares during the period. Institutional investors and hedge funds own 78.43% of the company’s stock.
Several research analysts have weighed in on UNP shares. BMO Capital Markets reissued a “buy” rating on shares of Union Pacific in a report on Friday, October 20th. Argus increased their price target on shares of Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a report on Wednesday, November 1st. Barclays reissued a “buy” rating and issued a $150.00 price target on shares of Union Pacific in a report on Wednesday, December 13th. Finally, Morgan Stanley cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $102.00 to $100.00 in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. Union Pacific has a consensus rating of “Hold” and an average target price of $120.00.
Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. equities analysts anticipate that Union Pacific Co. will post 5.78 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 1.98%. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is 47.00%.
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Union Pacific Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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