Kelly Financial Services LLC Takes $3.81 Million Position in Union Pacific Co. (NYSE:UNP)

Kelly Financial Services LLC acquired a new stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 have also added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC increased its position in shares of Union Pacific by 8.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,930 shares of the railroad operator's stock valued at $1,124,000 after acquiring an additional 403 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in Union Pacific by 12.7% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,468 shares of the railroad operator's stock valued at $335,000 after purchasing an additional 166 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its holdings in shares of Union Pacific by 19.6% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,103 shares of the railroad operator's stock worth $482,000 after purchasing an additional 345 shares in the last quarter. Smith Salley Wealth Management raised its stake in shares of Union Pacific by 0.7% in the fourth quarter. Smith Salley Wealth Management now owns 74,045 shares of the railroad operator's stock worth $16,885,000 after purchasing an additional 544 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Union Pacific by 3.0% during the fourth quarter. HB Wealth Management LLC now owns 45,007 shares of the railroad operator's stock valued at $10,263,000 after purchasing an additional 1,290 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of UNP stock traded down $0.90 on Friday, hitting $233.99. 3,643,704 shares of the stock traded hands, compared to its average volume of 2,141,562. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The firm has a 50 day simple moving average of $233.83 and a two-hundred day simple moving average of $238.95. The firm has a market cap of $141.86 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.02 and a beta of 1.06.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly 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). The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.51 earnings per share. As a group, equities research analysts predict that Union Pacific Co. will post 10.95 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, December 9th. Union Pacific's payout ratio is presently 49.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada reduced their price objective on Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Susquehanna reduced their price target on shares of Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. StockNews.com downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, October 1st. Benchmark reaffirmed a "buy" rating and issued a $266.00 target price on shares of Union Pacific in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $259.35.

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.