Cidel Asset Management Inc. Sells 70,553 Shares of Union Pacific Corporation $UNP

Cidel Asset Management Inc. decreased its position in Union Pacific Corporation (NYSE:UNPFree Report) by 90.2% during the first quarter, Holdings Channel.com reports. The fund owned 7,682 shares of the railroad operator’s stock after selling 70,553 shares during the quarter. Cidel Asset Management Inc.’s holdings in Union Pacific were worth $1,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC grew its position in shares of Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after buying an additional 665 shares during the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of Union Pacific by 1.6% during the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after acquiring an additional 58 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Union Pacific by 10.0% during the second quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock valued at $1,401,000 after acquiring an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Union Pacific by 7.4% in the second quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after acquiring an additional 105,664 shares during the period. 80.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at $11,353,447.52. This trade represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares of the company’s stock, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,378 shares of company stock worth $8,781,595 in the last three months. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UNP has been the topic of several recent analyst reports. Evercore reiterated an “outperform” rating and issued a $277.00 price target on shares of Union Pacific in a report on Friday, April 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $300.00 target price (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research report on Friday, April 24th. Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, UBS Group reissued a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $282.21.

View Our Latest Stock Analysis on UNP

Union Pacific Trading Down 0.3%

NYSE UNP opened at $259.20 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70. The firm has a market capitalization of $153.89 billion, a PE ratio of 21.35, a P/E/G ratio of 2.76 and a beta of 0.97. The stock’s 50 day moving average is $264.14 and its 200 day moving average is $250.29.

Union Pacific (NYSE:UNPGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.70 earnings per share. Research analysts forecast that Union Pacific Corporation will post 12.55 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio is currently 45.47%.

About Union Pacific

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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