Kelly Financial Services LLC Acquires Shares of 16,720 Union Pacific Co. (NYSE:UNP)

Kelly Financial Services LLC bought a new position in Union Pacific Co. (NYSE:UNP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,720 shares of the railroad operator’s stock, valued at approximately $3,813,000. Union Pacific comprises 1.1% of Kelly Financial Services LLC’s holdings, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Seven Eight Capital LP purchased a new position in Union Pacific during the second quarter worth approximately $1,139,000. Intech Investment Management LLC increased its holdings in shares of Union Pacific by 41.9% in the second quarter. Intech Investment Management LLC now owns 44,869 shares of the railroad operator’s stock valued at $10,152,000 after purchasing an additional 13,244 shares during the last quarter. Ieq Capital LLC lifted its position in Union Pacific by 1.6% during the second quarter. Ieq Capital LLC now owns 28,408 shares of the railroad operator’s stock worth $6,427,000 after buying an additional 444 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Union Pacific by 9.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 17,008 shares of the railroad operator’s stock worth $3,848,000 after buying an additional 1,443 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Union Pacific by 8.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,453 shares of the railroad operator’s stock valued at $555,000 after buying an additional 185 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UNP shares. TD Cowen lowered their price target on shares of Union Pacific from $255.00 to $252.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Sanford C. Bernstein dropped their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Finally, Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.35.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $233.99 on Friday. The firm has a market capitalization of $141.86 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The firm’s 50 day moving average is $233.83 and its two-hundred day moving average is $238.85.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the business earned $2.51 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts forecast that Union Pacific Co. will post 10.95 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is currently 49.22%.

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.