Union Pacific Corporation $UNP Shares Acquired by Joule Financial LLC

Joule Financial LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,831 shares of the railroad operator’s stock after purchasing an additional 66 shares during the quarter. Joule Financial LLC’s holdings in Union Pacific were worth $421,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Plimoth Trust Co. LLC increased its position in shares of Union Pacific by 4.0% in the second quarter. Plimoth Trust Co. LLC now owns 12,987 shares of the railroad operator’s stock valued at $2,988,000 after buying an additional 498 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in Union Pacific by 7.0% in the 2nd quarter. Marks Group Wealth Management Inc now owns 36,450 shares of the railroad operator’s stock valued at $8,386,000 after acquiring an additional 2,391 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Union Pacific by 36.4% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 1,841 shares of the railroad operator’s stock valued at $424,000 after acquiring an additional 491 shares in the last quarter. Running Oak Capital LLC increased its holdings in Union Pacific by 7.2% during the 2nd quarter. Running Oak Capital LLC now owns 35,955 shares of the railroad operator’s stock valued at $8,273,000 after acquiring an additional 2,419 shares in the last quarter. Finally, Grimes & Company Inc. raised its position in Union Pacific by 12.8% during the second quarter. Grimes & Company Inc. now owns 7,882 shares of the railroad operator’s stock worth $1,813,000 after acquiring an additional 895 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on UNP. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $285.00 in a report on Friday, July 25th. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Finally, Sanford C. Bernstein boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Stock Up 0.9%

UNP opened at $236.60 on Monday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The business has a 50-day moving average of $223.67 and a two-hundred day moving average of $224.44. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the company earned $2.74 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts expect 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is presently 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.