Public Employees Retirement System of Ohio Cuts Stock Position in Union Pacific Co. (NYSE:UNP)

Public Employees Retirement System of Ohio reduced its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,227 shares of the railroad operator's stock after selling 12,569 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Union Pacific were worth $59,342,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Union Pacific during the 4th quarter worth $1,927,377,000. Raymond James Financial Inc. bought a new stake in Union Pacific in the 4th quarter worth approximately $1,035,905,000. Geode Capital Management LLC grew its position in Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after acquiring an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock worth $1,133,053,000 after acquiring an additional 1,294,643 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 0.5%

Shares of NYSE UNP traded down $1.11 during trading hours on Wednesday, reaching $223.24. The stock had a trading volume of 886,525 shares, compared to its average volume of 2,640,849. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. The business's fifty day moving average price is $222.51 and its two-hundred day moving average price is $233.07. The firm has a market cap of $133.38 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.15 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 earnings per share. Analysts expect that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $1.34 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific's dividend payout ratio is presently 48.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America raised their price objective on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Union Pacific in a research report on Friday, March 7th. They set a "buy" rating and a $295.00 price target on the stock. Argus raised Union Pacific to a "strong-buy" rating in a report on Friday, May 16th. Stephens cut their price target on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Redburn Atlantic upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 target price on the stock in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $257.50.

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.