Union Pacific Corporation $UNP Stake Lowered by Jag Capital Management LLC

Jag Capital Management LLC decreased its stake in Union Pacific Corporation (NYSE:UNP) by 2.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,536 shares of the railroad operator’s stock after selling 255 shares during the period. Jag Capital Management LLC’s holdings in Union Pacific were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pines Wealth Management LLC boosted its holdings in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after acquiring an additional 43 shares during the period. Titleist Asset Management LLC increased its holdings in shares of Union Pacific by 1.1% in the 1st quarter. Titleist Asset Management LLC now owns 4,004 shares of the railroad operator’s stock worth $946,000 after acquiring an additional 44 shares during the period. Five Oceans Advisors lifted its position in Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after purchasing an additional 44 shares during the last quarter. Stiles Financial Services Inc lifted its position in Union Pacific by 1.6% in the 1st quarter. Stiles Financial Services Inc now owns 2,963 shares of the railroad operator’s stock valued at $700,000 after purchasing an additional 48 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in Union Pacific by 5.1% during the 1st quarter. Avalon Trust Co now owns 1,004 shares of the railroad operator’s stock valued at $237,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Citigroup restated a “buy” rating and issued a $263.00 target price (up from $251.00) on shares of Union Pacific in a research report on Monday. Evercore ISI cut their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Finally, Royal Bank Of Canada increased their price target on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $261.58.

Union Pacific Price Performance

NYSE:UNP opened at $225.81 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The business’s 50-day moving average price is $224.52 and its 200 day moving average price is $224.25. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market cap of $133.93 billion, a P/E ratio of 19.62, a PEG ratio of 2.34 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the firm posted $2.74 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

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.