Teacher Retirement System of Texas lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 28.0% in the fourth quarter, HoldingsChannel reports. The firm owned 290,476 shares of the railroad operator’s stock after selling 113,161 shares during the period. Teacher Retirement System of Texas’ holdings in Union Pacific were worth $38,953,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Clinton Group Inc. grew its position in Union Pacific by 82.0% in the second quarter. Clinton Group Inc. now owns 25,117 shares of the railroad operator’s stock valued at $2,735,000 after acquiring an additional 11,313 shares in the last quarter. Dempze Nancy E boosted its stake in shares of Union Pacific by 46.6% during the 4th quarter. Dempze Nancy E now owns 3,460 shares of the railroad operator’s stock valued at $465,000 after buying an additional 1,100 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Union Pacific by 12.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,562,570 shares of the railroad operator’s stock valued at $297,180,000 after buying an additional 277,810 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Union Pacific during the 3rd quarter valued at approximately $9,954,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Union Pacific by 32.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 107,266 shares of the railroad operator’s stock valued at $11,683,000 after buying an additional 26,104 shares during the last quarter. 79.08% of the stock is owned by hedge funds and other institutional investors.
Union Pacific Co. (NYSE:UNP) opened at $137.28 on Friday. Union Pacific Co. has a one year low of $101.06 and a one year high of $143.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.83 and a current ratio of 1.02. The stock has a market capitalization of $111,030.00, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.64 and a beta of 0.83.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be given a $0.73 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.67. This represents a $2.92 annualized dividend and a yield of 2.13%. Union Pacific’s dividend payout ratio (DPR) is currently 48.18%.
UNP has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on Union Pacific in a research note on Monday, November 13th. They set a “sell” rating and a $103.00 target price for the company. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays reiterated a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research note on Wednesday, December 13th. Wolfe Research upgraded Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, UBS Group upgraded Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Union Pacific has an average rating of “Hold” and a consensus target price of $131.50.
About Union Pacific
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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