Forbes J M & Co. LLP Grows Stock Position in Union Pacific Corporation (NYSE:UNP)

Forbes J M & Co. LLP raised its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,398 shares of the railroad operator's stock after acquiring an additional 1,271 shares during the quarter. Union Pacific makes up 1.3% of Forbes J M & Co. LLP's holdings, making the stock its 28th largest holding. Forbes J M & Co. LLP's holdings in Union Pacific were worth $13,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC raised its stake in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. EnRich Financial Partners LLC purchased a new stake in Union Pacific in the fourth quarter valued at $31,000. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at $32,000. Cornerstone Planning Group LLC grew its stake in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after buying an additional 56 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNP. Bank of America boosted their price objective on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Stephens lowered their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Argus raised Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $257.75.

Union Pacific Stock Performance

Shares of UNP stock opened at $229.19 on Wednesday. The company has a market cap of $136.94 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The stock has a 50 day simple moving average of $227.52 and a 200-day simple moving average of $231.19. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The business had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $2.69 earnings per share. On average, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.41%. Union Pacific's dividend payout ratio (DPR) is 48.29%.

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.

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