New York State Teachers Retirement System Has $109.20 Million Position in Union Pacific Corporation $UNP

New York State Teachers Retirement System boosted its holdings in Union Pacific Corporation (NYSE:UNP) by 0.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 450,077 shares of the railroad operator’s stock after acquiring an additional 2,029 shares during the quarter. New York State Teachers Retirement System’s holdings in Union Pacific were worth $109,198,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNP. Key Financial Inc raised its position in Union Pacific by 2.1% in the 1st quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after buying an additional 38 shares during the last quarter. EJMK Ventures LLC boosted its holdings in Union Pacific by 4.0% during the 1st quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Union Pacific by 0.6% in the 4th quarter. Rehmann Capital Advisory Group now owns 6,637 shares of the railroad operator’s stock worth $1,535,000 after acquiring an additional 42 shares in the last quarter. Fairvoy Private Wealth LLC raised its holdings in shares of Union Pacific by 3.8% in the first quarter. Fairvoy Private Wealth LLC now owns 1,156 shares of the railroad operator’s stock valued at $280,000 after purchasing an additional 42 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its position in shares of Union Pacific by 2.0% during the first quarter. Moss Adams Wealth Advisors LLC now owns 2,096 shares of the railroad operator’s stock valued at $508,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific News Roundup

Here are the key news stories impacting Union Pacific this week:

• Positive Sentiment: Union Pacific is drawing support from a positive earnings outlook, as analysts expect its upcoming quarterly report to show single-digit bottom-line growth, keeping expectations for a solid results season in place. Union Pacific’s Quarterly Earnings Preview: What You Need to Know
• Positive Sentiment: Another note pointed to Union Pacific shares gaining after quarterly revenue growth, suggesting investors are reacting favorably to operational improvement and better top-line performance. Union Pacific (NYSE:UNP) Shares Gain After Quarterly Revenue Growth
• Positive Sentiment: Brokerage sentiment remains constructive, with Union Pacific receiving a consensus rating of “Moderate Buy,” which can help support the stock. Union Pacific Corporation (NYSE:UNP) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Investors are also watching broader rail industry trends, including rising intermodal volumes and higher fuel/trucking costs that are affecting major U.S. railroads, though the impact on Union Pacific specifically is less clear. Rising intermodal volume slows big four U.S. rail systems
• Negative Sentiment: A Kansas federal court granted class action status in a lawsuit alleging Union Pacific historically dumped carcinogenic chemicals near Wichita neighborhoods, increasing legal and reputational risk for the company. Lanier Law Firm: Class Action Certified Against Union Pacific for Dumping Carcinogenic Chemicals in Historically Black Wichita Neighborhoods

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a research report on Friday, June 5th. Weiss Ratings downgraded Union Pacific from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $289.00 target price (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. TD Cowen increased their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Evercore reiterated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $283.11.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $282.50 on Friday. The firm has a market capitalization of $167.73 billion, a PE ratio of 23.27, a P/E/G ratio of 2.92 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The company has a 50-day moving average price of $267.03 and a two-hundred day moving average price of $252.06. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $282.80.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.07. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Equities analysts forecast that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Union Pacific’s payout ratio is currently 45.47%.

Insider Buying and Selling at Union Pacific

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the completion of the transaction, the executive vice president directly owned 61,102 shares of the company’s stock, valued at $16,605,079.52. This trade represents a 30.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the completion of the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at $31,492,157.40. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,378 shares of company stock valued at $8,781,595 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.