Gilliland Jeter Wealth Management LLC Has $1.45 Million Stock Holdings in Union Pacific Corporation $UNP

Gilliland Jeter Wealth Management LLC decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,296 shares of the railroad operator’s stock after selling 115 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Union Pacific were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in UNP. Farther Finance Advisors LLC boosted its position in shares of Union Pacific by 22.7% during the 1st quarter. Farther Finance Advisors LLC now owns 6,238 shares of the railroad operator’s stock worth $1,480,000 after acquiring an additional 1,154 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Union Pacific by 22.1% during the 1st quarter. Pallas Capital Advisors LLC now owns 2,030 shares of the railroad operator’s stock worth $480,000 after acquiring an additional 368 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares in the last quarter. MV Capital Management Inc. boosted its position in shares of Union Pacific by 79.5% during the 1st quarter. MV Capital Management Inc. now owns 921 shares of the railroad operator’s stock worth $218,000 after acquiring an additional 408 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its position in shares of Union Pacific by 4.1% during the 1st quarter. Focus Financial Network Inc. now owns 4,933 shares of the railroad operator’s stock worth $1,165,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Down 0.5%

Shares of NYSE UNP opened at $231.44 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a 50 day moving average price of $224.32 and a two-hundred day moving average price of $224.54. The stock has a market cap of $137.27 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the company posted $2.74 EPS. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is currently 47.96%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday. Wells Fargo & Company increased their price objective 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. Evercore ISI dropped their price objective on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating for the company in a research note on Friday, July 25th. Finally, Sanford C. Bernstein increased their price objective 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 equities research 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 stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.08.

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.