Keystone Financial Services LLC Buys New Position in Union Pacific Corporation (NYSE:UNP)

Keystone Financial Services LLC purchased a new position in Union Pacific Corporation (NYSE:UNP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,161 shares of the railroad operator's stock, valued at approximately $1,455,000. Union Pacific makes up 1.2% of Keystone Financial Services LLC's portfolio, making the stock its 19th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Union Pacific during the 4th quarter valued at $1,927,377,000. Raymond James Financial Inc. acquired a new position in shares of Union Pacific in the 4th quarter worth $1,035,905,000. GAMMA Investing LLC raised its position in shares of Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock worth $588,510,000 after purchasing an additional 2,482,126 shares during the period. Geode Capital Management LLC raised its position in shares of Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $230.29 on Tuesday. The firm has a market cap of $137.59 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The company's fifty day moving average is $222.40 and its 200-day moving average is $230.64. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data 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). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.33%. Union Pacific's dividend payout ratio (DPR) is currently 48.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America lifted their price target on Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Susquehanna upgraded shares of Union Pacific from a "neutral" rating to a "positive" rating and raised their target price for the stock from $245.00 to $260.00 in a report on Tuesday, June 24th. Jefferies Financial Group cut their price target on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus reduced their price target on shares of Union Pacific from $270.00 to $248.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Stephens decreased their price objective on shares of Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.39.

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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