Union Pacific Corporation $UNP Shares Purchased by Jacobs & Co. CA

Jacobs & Co. CA boosted its position in Union Pacific Corporation (NYSE:UNP) by 0.2% during the 2nd quarter, Holdings Channel reports. The fund owned 60,102 shares of the railroad operator’s stock after acquiring an additional 107 shares during the quarter. Union Pacific makes up 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 24th biggest holding. Jacobs & Co. CA’s holdings in Union Pacific were worth $13,828,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC raised its holdings in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $214.73 on Friday. 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 firm has a market cap of $127.34 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The company’s 50 day simple moving average is $224.46 and its 200-day simple moving average is $226.06. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP) last announced its 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 business 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 company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $1.38 per share. 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. The ex-dividend date is Friday, August 29th. Union Pacific’s payout ratio is 47.96%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UNP shares. Susquehanna dropped their price target on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research note on Wednesday, July 30th. Sanford C. Bernstein increased their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price target on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Citigroup lowered shares of Union Pacific from a “strong-buy” rating to a “hold” rating and dropped their price target for the company from $270.00 to $250.00 in a research note on Wednesday, July 30th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.21.

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.