Janney Montgomery Scott LLC Increases Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Janney Montgomery Scott LLC increased its holdings in Union Pacific Corporation by 18.6% during the second quarter, owning a total of 269,300 shares valued at approximately $61.96 million.
• Union Pacific's recent earnings report showed an EPS of $3.03, exceeding analysts' expectations of $2.84, alongside a revenue of $6.15 billion which also surpassed estimates.
• The company declared an increased quarterly dividend of $1.38, resulting in an annualized basis of $5.52 and a dividend yield of 2.3%.

Janney Montgomery Scott LLC raised its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 18.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 269,300 shares of the railroad operator's stock after buying an additional 42,152 shares during the quarter. Janney Montgomery Scott LLC's holdings in Union Pacific were worth $61,961,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNP. Highline Wealth Partners LLC raised its holdings 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 buying an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its position in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific in the 1st quarter worth $32,000. WPG Advisers LLC acquired a new stake in Union Pacific during the 1st quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its stake in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE:UNP opened at $236.40 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The stock's 50-day moving average price is $223.07 and its 200-day moving average price is $224.54. The stock has a market capitalization of $140.19 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 earnings per share. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and raised their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Loop Capital upgraded shares of Union Pacific from a "sell" rating to a "hold" rating and lifted their price objective for the company from $214.00 to $227.00 in a research note on Tuesday, September 16th. Susquehanna reiterated a "positive" rating and issued a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.00.

Union Pacific 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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