First Financial Bankshares Inc Has $32.43 Million Stake in Union Pacific Corporation $UNP

First Financial Bankshares Inc increased its position in Union Pacific Corporation (NYSE:UNP) by 52.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,209 shares of the railroad operator’s stock after purchasing an additional 47,201 shares during the period. First Financial Bankshares Inc’s holdings in Union Pacific were worth $32,432,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UNP. Compound Planning Inc. raised its holdings in Union Pacific by 6.7% during the third quarter. Compound Planning Inc. now owns 11,001 shares of the railroad operator’s stock worth $2,600,000 after buying an additional 688 shares during the last quarter. Portland Global Advisors LLC increased its position in shares of Union Pacific by 25.3% during the third quarter. Portland Global Advisors LLC now owns 1,113 shares of the railroad operator’s stock worth $263,000 after acquiring an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Union Pacific by 1.6% during the third quarter. EverSource Wealth Advisors LLC now owns 5,759 shares of the railroad operator’s stock worth $1,361,000 after acquiring an additional 92 shares in the last quarter. O Brien Greene & Co. Inc raised its holdings in shares of Union Pacific by 0.8% in the 3rd quarter. O Brien Greene & Co. Inc now owns 38,016 shares of the railroad operator’s stock worth $8,986,000 after acquiring an additional 298 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in Union Pacific by 38.3% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,875 shares of the railroad operator’s stock valued at $1,625,000 after acquiring an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Down 0.9%

UNP stock opened at $263.82 on Tuesday. The stock has a market cap of $156.55 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.90 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The stock’s fifty day simple moving average is $239.68 and its two-hundred day simple moving average is $230.38. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $267.81.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.91 earnings per share. Analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s payout ratio is currently 46.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. TD Cowen cut their price target on Union Pacific from $257.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Barclays reiterated an “overweight” rating and set a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. The Goldman Sachs Group reissued a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research report on Tuesday, January 27th. Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.14.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.