Janney Capital Management LLC Has $698,000 Stock Holdings in Union Pacific Corporation $UNP

Janney Capital Management LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 2.2% during the second quarter, HoldingsChannel.com reports. The fund owned 3,034 shares of the railroad operator’s stock after buying an additional 65 shares during the quarter. Janney Capital Management LLC’s holdings in Union Pacific were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Northern Trust Corp increased its stake in shares of Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock valued at $1,678,575,000 after purchasing an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock valued at $1,641,715,000 after buying an additional 354,463 shares in the last quarter. Royal Bank of Canada grew its position in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock valued at $1,206,191,000 after acquiring an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Union Pacific during the first quarter worth about $988,822,000. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UNP shares. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their price target for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Baird R W upgraded Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Finally, Evercore ISI cut their price objective on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.00.

Union Pacific Stock Up 0.1%

Shares of NYSE:UNP opened at $236.40 on Wednesday. The business has a fifty day simple moving average of $223.07 and a 200 day simple moving average of $224.54. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The firm has a market cap of $140.19 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.46 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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 company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.74 earnings per share. Analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is currently 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.