Union Pacific Corporation $UNP Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,573 shares of the railroad operator’s stock after purchasing an additional 6,553 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Union Pacific were worth $61,628,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of UNP. Acadian Asset Management LLC increased its stake in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after buying an additional 665 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after acquiring an additional 102 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after acquiring an additional 58 shares during the period. HUB Investment Partners LLC lifted its stake in shares of Union Pacific by 10.0% in the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after acquiring an additional 554 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock valued at $351,660,000 after acquiring an additional 105,664 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UNP. Evercore reiterated an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Weiss Ratings raised Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. TD Cowen reiterated a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating and set a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Finally, Robert W. Baird raised their price target on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $320.89.

Insider Activity at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Union Pacific Stock Down 0.0%

Shares of NYSE UNP opened at $293.57 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The firm has a 50-day moving average price of $283.00 and a 200 day moving average price of $265.37. The stock has a market capitalization of $174.40 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the business posted $3.03 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Union Pacific’s dividend payout ratio is presently 44.70%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.