Union Pacific Corporation $UNP Stock Position Lowered by State of Michigan Retirement System

State of Michigan Retirement System lessened its position in Union Pacific Corporation (NYSE:UNP) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,445 shares of the railroad operator’s stock after selling 1,500 shares during the quarter. State of Michigan Retirement System’s holdings in Union Pacific were worth $37,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Pines Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% in the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after acquiring an additional 43 shares in the last quarter. Titleist Asset Management LLC lifted its position in shares of Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock valued at $946,000 after acquiring an additional 44 shares in the last quarter. Five Oceans Advisors lifted its position in shares of Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after acquiring an additional 44 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of Union Pacific by 1.6% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock valued at $693,000 after acquiring an additional 46 shares in the last quarter. Finally, Schubert & Co lifted its position in shares of Union Pacific by 1.9% in the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after acquiring an additional 47 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 UNP opened at $220.80 on Friday. The company’s fifty day moving average is $224.37 and its 200-day moving average is $224.32. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The firm has a market cap of $130.97 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the prior year, the business posted $2.75 EPS. Union Pacific’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UNP has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. Evercore ISI dropped their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Sanford C. Bernstein upped their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group set a $263.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.63.

About Union Pacific

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.