Jones Financial Companies Lllp Grows Stock Position in Union Pacific Corporation $UNP

Key Points

• Jones Financial Companies Lllp increased its stake in Union Pacific Corporation by 28.9% during the 1st quarter, owning 160,403 shares valued at approximately $37.3 million at the end of the quarter.
• Analysts have mixed opinions on Union Pacific, with price targets ranging from $238 to $286 and an overall consensus rating of "Moderate Buy".
• Union Pacific is set to increase its quarterly dividend from $1.34 to $1.38, reflecting a 2.6% yield and a payout ratio of 47.96%.

Jones Financial Companies Lllp increased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 160,403 shares of the railroad operator's stock after purchasing an additional 35,982 shares during the quarter. Jones Financial Companies Lllp's holdings in Union Pacific were worth $37,305,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UNP. Toronto Dominion Bank lifted its stake in shares of Union Pacific by 6.7% in the 4th quarter. Toronto Dominion Bank now owns 344,840 shares of the railroad operator's stock valued at $78,636,000 after acquiring an additional 21,700 shares during the last quarter. Tema Etfs LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at about $1,690,000. Strategic Wealth Partners Ltd. lifted its stake in shares of Union Pacific by 512.0% in the 4th quarter. Strategic Wealth Partners Ltd. now owns 39,281 shares of the railroad operator's stock valued at $9,858,000 after acquiring an additional 32,863 shares during the last quarter. TrinityPoint Wealth LLC lifted its stake in shares of Union Pacific by 2.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 5,262 shares of the railroad operator's stock valued at $1,200,000 after acquiring an additional 117 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Union Pacific by 41.8% during the 4th quarter. Tidal Investments LLC now owns 60,352 shares of the railroad operator's stock valued at $13,763,000 after purchasing an additional 17,796 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Sanford C. Bernstein upped their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Citigroup lowered Union Pacific from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $270.00 to $250.00 in a research report on Wednesday, July 30th. Wells Fargo & Company upped their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Finally, Evercore ISI lowered their price target on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Performance

Union Pacific stock opened at $214.73 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $127.34 billion, a P/E ratio of 18.66, a PEG ratio of 2.09 and a beta of 1.03. The stock's 50 day moving average is $224.46 and its 200 day moving average is $225.79. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate 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%.The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 EPS. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $1.38 dividend. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. Union Pacific's payout ratio is currently 47.96%.

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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