Jacobi Capital Management LLC Acquires 88 Shares of Union Pacific Co. (NYSE:UNP)

Jacobi Capital Management LLC increased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,422 shares of the railroad operator’s stock after acquiring an additional 88 shares during the period. Jacobi Capital Management LLC’s holdings in Union Pacific were worth $2,149,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Compass Financial Services Inc bought a new stake in Union Pacific during the fourth quarter worth about $25,000. Synergy Asset Management LLC bought a new stake in Union Pacific during the fourth quarter worth about $29,000. Catalyst Capital Advisors LLC bought a new stake in Union Pacific during the third quarter worth about $30,000. Dunhill Financial LLC lifted its stake in shares of Union Pacific by 111.5% in the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new position in shares of Union Pacific in the third quarter worth approximately $32,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP opened at $246.94 on Friday. The firm has a market cap of $149.22 billion, a P/E ratio of 22.27, a PEG ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.07. The company has a 50 day simple moving average of $239.46 and a two-hundred day simple moving average of $240.93. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period last year, the company earned $2.71 earnings per share. Equities analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.17%. Union Pacific’s payout ratio is currently 48.33%.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the transaction, the president now owns 64,960 shares in the company, valued at approximately $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UNP. Guggenheim upped their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Robert W. Baird upped their target price on shares of Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Barclays upped their target price on shares of Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Citigroup upped their target price on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, TD Cowen upped their target price on shares of Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $261.40.

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.