Texas Permanent School Fund reduced its stake in Union Pacific Co. (NYSE:UNP) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,196 shares of the railroad operator’s stock after selling 17,812 shares during the period. Texas Permanent School Fund’s holdings in Union Pacific were worth $20,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UNP. LSV Asset Management acquired a new stake in shares of Union Pacific in the 3rd quarter worth about $1,530,000. MML Investors Services LLC raised its holdings in shares of Union Pacific by 47.9% in the 3rd quarter. MML Investors Services LLC now owns 31,683 shares of the railroad operator’s stock worth $5,159,000 after acquiring an additional 10,267 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Union Pacific by 95.9% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,790 shares of the railroad operator’s stock worth $1,431,000 after acquiring an additional 4,302 shares during the last quarter. Palisades Hudson Asset Management L.P. acquired a new stake in shares of Union Pacific in the 3rd quarter worth about $204,000. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Union Pacific by 70.5% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 56,715 shares of the railroad operator’s stock worth $9,235,000 after acquiring an additional 23,443 shares during the last quarter. Hedge funds and other institutional investors own 78.71% of the company’s stock.

UNP stock traded up $1.50 during trading on Monday, reaching $166.50. The stock had a trading volume of 20,535 shares, compared to its average volume of 4,467,685. Union Pacific Co. has a one year low of $126.37 and a one year high of $172.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.90. The company has a market capitalization of $119.15 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.70 and a beta of 1.11.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, January 24th. The railroad operator reported $2.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.06. Union Pacific had a net margin of 26.13% and a return on equity of 27.95%. The business had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the prior year, the firm posted $1.53 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that Union Pacific Co. will post 9.07 EPS for the current fiscal year.

Union Pacific announced that its Board of Directors has initiated a share buyback program on Thursday, February 7th that permits the company to repurchase 150,000,000 shares. This repurchase authorization permits the railroad operator to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.11%. This is an increase from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, February 27th. Union Pacific’s dividend payout ratio is presently 44.50%.

A number of equities research analysts recently weighed in on UNP shares. Loop Capital upped their target price on shares of Union Pacific from $188.00 to $193.00 and gave the stock a “positive” rating in a report on Thursday, January 24th. Deutsche Bank upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, November 27th. Zacks Investment Research lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, November 19th. Royal Bank of Canada upgraded shares of Union Pacific from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, Seaport Global Securities upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $169.39.

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Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Read More: Market Capitalization

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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