State of New Jersey Common Pension Fund D Sells 2,345 Shares of Union Pacific Corporation $UNP

State of New Jersey Common Pension Fund D lessened its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,897 shares of the railroad operator’s stock after selling 2,345 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Union Pacific were worth $46,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Peterson Wealth Services boosted its position in Union Pacific by 2.4% during the second quarter. Peterson Wealth Services now owns 18,821 shares of the railroad operator’s stock worth $4,330,000 after purchasing an additional 444 shares during the period. Sage Mountain Advisors LLC boosted its position in Union Pacific by 2.7% during the second quarter. Sage Mountain Advisors LLC now owns 4,437 shares of the railroad operator’s stock worth $1,021,000 after purchasing an additional 115 shares during the period. Washington Trust Advisors Inc. boosted its position in Union Pacific by 1.3% during the second quarter. Washington Trust Advisors Inc. now owns 4,767 shares of the railroad operator’s stock worth $1,097,000 after purchasing an additional 59 shares during the period. AlphaQuest LLC boosted its position in Union Pacific by 1,344.0% during the second quarter. AlphaQuest LLC now owns 9,328 shares of the railroad operator’s stock worth $2,146,000 after purchasing an additional 8,682 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Union Pacific by 2.2% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,430,775 shares of the railroad operator’s stock valued at $329,193,000 after acquiring an additional 30,539 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UNP shares. BMO Capital Markets reduced their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Evercore ISI reduced their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Baird R W raised shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Trading Down 1.6%

Shares of UNP opened at $216.56 on Friday. The firm has a market cap of $128.44 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.29 and a beta of 1.07. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.53 and a current ratio of 0.75. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm has a 50 day moving average price of $224.95 and a 200-day moving average price of $224.28.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.75 EPS. As a group, equities research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

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.