State of Michigan Retirement System Purchases 100 Shares of Union Pacific Co. (NYSE:UNP)

State of Michigan Retirement System increased its position in Union Pacific Co. (NYSE:UNP) by 0.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 167,045 shares of the railroad operator’s stock after buying an additional 100 shares during the quarter. State of Michigan Retirement System’s holdings in Union Pacific were worth $41,081,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UNP. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Union Pacific during the 3rd quarter valued at about $252,000. Logan Capital Management Inc. boosted its holdings in shares of Union Pacific by 0.8% during the 3rd quarter. Logan Capital Management Inc. now owns 29,319 shares of the railroad operator’s stock valued at $5,970,000 after purchasing an additional 235 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Union Pacific by 132.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,540 shares of the railroad operator’s stock valued at $2,146,000 after purchasing an additional 6,001 shares during the last quarter. Legacy Advisors LLC boosted its holdings in shares of Union Pacific by 12.7% during the 3rd quarter. Legacy Advisors LLC now owns 1,938 shares of the railroad operator’s stock valued at $395,000 after purchasing an additional 219 shares during the last quarter. Finally, LRT Capital Management LLC bought a new position in shares of Union Pacific during the 3rd quarter valued at about $847,000. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UNP. Benchmark increased their price target on shares of Union Pacific from $260.00 to $266.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the company from $276.00 to $238.00 in a report on Monday, June 17th. Jefferies Financial Group began coverage on shares of Union Pacific in a report on Monday, April 8th. They issued a “hold” rating and a $250.00 price target for the company. Evercore ISI increased their price target on shares of Union Pacific from $271.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, TD Cowen increased their price target on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $258.92.

Union Pacific Stock Up 0.3 %

Shares of Union Pacific stock traded up $0.64 during trading on Tuesday, hitting $225.50. 1,530,527 shares of the stock traded hands, compared to its average volume of 2,304,113. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66. The stock’s fifty day simple moving average is $233.11 and its 200 day simple moving average is $240.20. The firm has a market cap of $137.58 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, beating the consensus estimate of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.97 billion. During the same quarter in the previous year, the business posted $2.67 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date was Friday, May 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.31%. Union Pacific’s payout ratio is presently 49.62%.

Union Pacific Company 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.