Union Pacific Corporation $UNP Shares Newly Acquired by Greg Jennings LLC

Greg Jennings LLC acquired a new position in shares of Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,599 shares of the railroad operator’s stock, valued at approximately $2,612,000. Union Pacific comprises 1.8% of Greg Jennings LLC’s investment portfolio, making the stock its 19th biggest holding.

Other large investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth approximately $27,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of Union Pacific during the first quarter worth approximately $29,000. Wiser Advisor Group LLC bought a new stake in shares of Union Pacific during the second quarter worth approximately $30,000. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Union Pacific during the second quarter worth approximately $34,000. Finally, Clark Wealth Partners lifted its holdings in Union Pacific by 37.4% in the third quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock valued at $37,000 after buying an additional 37 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UNP shares. UBS Group raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their price objective for the company from $310.00 to $339.00 in a research note on Wednesday, September 16th. Raymond James Financial set a $350.00 target price on shares of Union Pacific in a report on Thursday. Evercore reiterated an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research report on Thursday, June 25th. Bank of America increased their price target on Union Pacific from $301.00 to $334.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Finally, Susquehanna reduced their price target on Union Pacific from $345.00 to $333.00 and set a “positive” rating on the stock in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.00.

Union Pacific Trading Down 0.6%

Shares of Union Pacific stock traded down $1.71 during trading on Monday, hitting $287.33. 1,739,671 shares of the company were exchanged, compared to its average volume of 2,966,545. The firm has a market capitalization of $170.70 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. Union Pacific Corporation has a 1-year low of $215.53 and a 1-year high of $315.99. The firm’s fifty day moving average price is $287.73 and its 200 day moving average price is $276.87. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. Union Pacific’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company posted $3.03 EPS. As a group, sell-side analysts expect that Union Pacific Corporation will post 13.05 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Monday, August 31st. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 2.0%. Union Pacific’s payout ratio is currently 45.99%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.