Leibman Financial Services Inc. Has $221,000 Stock Position in Union Pacific Corporation $UNP

Key Points

• Leibman Financial Services Inc. sold 1,752 shares of Union Pacific Corporation, reducing its holdings by 64.6% in Q2, leaving it with 960 shares valued at approximately $221,000.
• Union Pacific announced an increase in its quarterly dividend to $1.38, up from $1.34, representing a 2.6% yield and a payout ratio of 47.96%.
• Analysts have recently set new price targets for Union Pacific shares, with Wells Fargo raising it to $260 and Royal Bank of Canada to $276, indicating a generally positive outlook for the stock.

Leibman Financial Services Inc. cut its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 64.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 960 shares of the railroad operator's stock after selling 1,752 shares during the period. Leibman Financial Services Inc.'s holdings in Union Pacific were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Titleist Asset Management LLC raised 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 in the last quarter. First Financial Bank Trust Division raised its position in shares of Union Pacific by 1.7% during the 1st quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock valued at $662,000 after acquiring an additional 47 shares in the last quarter. Stiles Financial Services Inc raised its position in shares of Union Pacific by 1.6% during the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator's stock valued at $700,000 after acquiring an additional 48 shares in the last quarter. Avalon Trust Co raised its position in shares of Union Pacific by 5.1% during the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator's stock valued at $237,000 after acquiring an additional 49 shares in the last quarter. Finally, Mather Group LLC. raised its position 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 valued at $718,000 after acquiring an additional 50 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNP. BMO Capital Markets increased their target price on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Citigroup raised Union Pacific from a "neutral" rating to a "buy" rating and increased their target price for the stock from $250.00 to $251.00 in a research report on Monday. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and increased their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Sanford C. Bernstein increased their target price 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, Wells Fargo & Company increased their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $259.38.

Union Pacific Stock Performance

Shares of UNP traded up $3.26 during trading hours on Thursday, reaching $220.43. 4,349,310 shares of the company's stock traded hands, compared to its average volume of 4,350,542. The business's fifty day simple moving average is $222.94 and its two-hundred day simple moving average is $225.28. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a market capitalization of $130.72 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.11 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

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

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is 47.96%.

About Union Pacific

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.