Teacher Retirement System of Texas Sells 85,919 Shares of Union Pacific Corporation (NYSE:UNP)

Teacher Retirement System of Texas reduced its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,777 shares of the railroad operator's stock after selling 85,919 shares during the period. Teacher Retirement System of Texas' holdings in Union Pacific were worth $67,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in UNP. Highline Wealth Partners LLC increased its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. EnRich Financial Partners LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth about $31,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $60,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Union Pacific by 223.2% in the fourth quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock valued at $70,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of Union Pacific stock traded down $0.72 during trading on Friday, reaching $236.45. The company's stock had a trading volume of 1,327,641 shares, compared to its average volume of 2,719,394. The firm has a market cap of $141.27 billion, a PE ratio of 21.30, a P/E/G ratio of 2.38 and a beta of 1.05. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $223.53 and a two-hundred day moving average price of $230.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.73 by ($0.03). The company had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The company'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. On average, analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, May 30th. Union Pacific's payout ratio is 48.29%.

Analyst Ratings Changes

A number of brokerages recently commented on UNP. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Friday, April 25th. Jefferies Financial Group decreased their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Barclays dropped their price objective on shares of Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Stephens dropped their price objective on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Argus raised shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $256.91.

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.