State of Alaska Department of Revenue Has $15.43 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• The State of Alaska Department of Revenue reduced its stake in Union Pacific Corporation by 5.2%, owning 67,081 shares valued at approximately $15.43 million as of the latest SEC filing.
• Union Pacific recently raised its quarterly dividend to $1.38, up from $1.34, with a current yield of 2.3%.
• A consensus report shows a "Moderate Buy" rating for Union Pacific's stock, with a target price averaging $260 among analysts.

State of Alaska Department of Revenue trimmed its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,081 shares of the railroad operator's stock after selling 3,710 shares during the quarter. State of Alaska Department of Revenue's holdings in Union Pacific were worth $15,433,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. LGT Group Foundation grew its holdings in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator's stock worth $1,275,000 after purchasing an additional 477 shares during the period. Nuveen LLC acquired a new stake in Union Pacific in the first quarter worth $988,822,000. SlateStone Wealth LLC grew its holdings in Union Pacific by 6.2% in the first quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator's stock worth $3,133,000 after purchasing an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in Union Pacific by 10.9% in the first quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator's stock worth $866,000 after purchasing an additional 359 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UNP. Loop Capital upgraded shares of Union Pacific from a "sell" rating to a "hold" rating and lifted their price objective for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. UBS Group lifted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Citigroup upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $251.00 in a report on Monday, September 15th. Finally, Robert W. Baird began coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.00.

Union Pacific Stock Up 1.4%

UNP opened at $235.14 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company's 50-day moving average is $222.73 and its 200 day moving average is $224.63. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm has a market capitalization of $139.45 billion, a P/E ratio of 20.43, a PEG ratio of 2.42 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $2.74 earnings per share. Research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is presently 47.96%.

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.

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