Jain Global LLC Raises Holdings in Union Pacific Corporation $UNP

Jain Global LLC grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 32.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,066 shares of the railroad operator’s stock after acquiring an additional 42,753 shares during the quarter. Union Pacific comprises approximately 0.2% of Jain Global LLC’s investment portfolio, making the stock its 29th largest holding. Jain Global LLC’s holdings in Union Pacific were worth $41,380,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in Union Pacific by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock valued at $532,000 after purchasing an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock worth $753,000 after buying an additional 45 shares during the period. Keebeck Wealth Management grew its holdings in shares of Union Pacific by 1.7% during the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock valued at $636,000 after buying an additional 45 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Union Pacific by 2.5% during the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock valued at $444,000 after buying an additional 46 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its position in shares of Union Pacific by 4.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock valued at $252,000 after acquiring an additional 46 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UNP. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Citigroup reissued a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a report on Wednesday, January 28th. The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. JPMorgan Chase & Co. decreased their target price on Union Pacific from $270.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $263.77.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $242.22 on Monday. The company has a market capitalization of $143.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The company’s fifty day moving average price is $246.47 and its 200 day moving average price is $233.90. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $268.14.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.91 EPS. On average, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, February 27th. Union Pacific’s payout ratio is currently 46.12%.

Union Pacific 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.