Jones Financial Companies Lllp Trims Holdings in Union Pacific Corporation $UNP

Key Points

• Jones Financial Companies Lllp significantly reduced its holdings in Union Pacific Corporation by 82.7%, now owning 21,581 shares valued at approximately $5.1 million.
• Union Pacific recently reported a quarterly earnings per share of $3.03, exceeding analysts' estimates, with revenues of $6.15 billion for the quarter.
• The company has announced an increased quarterly dividend of $1.38, up from $1.34, reflecting an annualized yield of 2.6%.

Jones Financial Companies Lllp lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 82.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,581 shares of the railroad operator's stock after selling 102,840 shares during the period. Jones Financial Companies Lllp's holdings in Union Pacific were worth $5,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Titleist Asset Management LLC boosted its position in shares of Union Pacific by 1.1% during the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator's stock valued at $946,000 after acquiring an additional 44 shares during the last quarter. First Financial Bank Trust Division raised its stake in Union Pacific by 1.7% during the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock worth $662,000 after purchasing an additional 47 shares during the period. Stiles Financial Services Inc boosted its holdings in Union Pacific by 1.6% in the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after purchasing an additional 48 shares during the last quarter. Avalon Trust Co grew its stake in shares of Union Pacific by 5.1% in the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock valued at $237,000 after buying an additional 49 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Union Pacific by 1.7% during the 1st quarter. Mather Group LLC. now owns 3,041 shares of the railroad operator's stock worth $718,000 after buying an additional 50 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

UNP stock opened at $215.91 on Wednesday. The company has a market capitalization of $128.05 billion, a PE ratio of 18.76, a P/E/G ratio of 2.11 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The business's fifty day moving average price is $225.75 and its 200 day moving average price is $226.53. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

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 analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 earnings per share. On average, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company 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 of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Royal Bank Of Canada lifted their target price on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. 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 report on Friday, July 25th. Sanford C. Bernstein raised their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.21.

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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