Union Pacific Corporation $UNP Shares Sold by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System reduced its stake in Union Pacific Corporation by 0.3%, holding approximately 474,493 shares valued at $109.17 million after a sale of 1,430 shares in the second quarter.
• Union Pacific's shares recently traded at $225.57, with a market cap of $133.79 billion and a twelve-month earnings per share (EPS) of $3.03, which exceeded analysts' expectations.
• Research analysts have generally positive outlooks on Union Pacific, with Jefferies upgrading the stock to a "buy" rating and raising the price target from $250.00 to $285.00.

New York State Teachers Retirement System lessened its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 474,493 shares of the railroad operator's stock after selling 1,430 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Union Pacific worth $109,171,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in UNP. CBIZ Investment Advisory Services LLC increased its stake in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific during the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific during the first quarter valued at approximately $33,000. Cornerstone Planning Group LLC increased its stake in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares during the period. Finally, GFG Capital LLC acquired a new position in shares of Union Pacific during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Trading Down 0.7%

NYSE UNP opened at $225.57 on Thursday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market cap of $133.79 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 2.36 and a beta of 1.07. The firm's 50 day moving average price is $224.61 and its two-hundred day moving average price is $224.28.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the previous year, the company posted $2.74 EPS. The company's quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Union Pacific from a "hold" rating to a "buy" rating and raised their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Susquehanna reaffirmed a "positive" rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Royal Bank Of Canada upped their price target on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein upped their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $261.58.

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.