Cibc World Market Inc. acquired a new stake in shares of Union Pacific Corporation (NYSE:UNP – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 166,452 shares of the railroad operator’s stock, valued at approximately $45,275,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Tiemann Investment Advisors LLC raised its position in shares of Union Pacific by 1.7% in the 2nd quarter. Tiemann Investment Advisors LLC now owns 2,117 shares of the railroad operator’s stock worth $576,000 after buying an additional 35 shares during the period. TFR Capital LLC. grew its position in Union Pacific by 3.8% during the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock valued at $266,000 after acquiring an additional 36 shares during the period. Key Financial Inc increased its stake in Union Pacific by 2.1% during the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock worth $442,000 after acquiring an additional 38 shares during the last quarter. Members Trust Co increased its stake in Union Pacific by 2.5% during the first quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after acquiring an additional 38 shares during the last quarter. Finally, EJMK Ventures LLC increased its stake in Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently weighed in on UNP. JPMorgan Chase & Co. lifted their price objective on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Royal Bank Of Canada reissued an “outperform” rating and set a $339.00 target price (up from $289.00) on shares of Union Pacific in a research report on Friday, July 24th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. UBS Group restated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $294.00 price target on shares of Union Pacific in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $320.89.
Insider Buying and Selling
In related news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.
Union Pacific Trading Down 0.0%
NYSE:UNP opened at $307.97 on Monday. The business’s 50-day moving average is $286.30 and its two-hundred day moving average is $267.83. The firm has a market capitalization of $182.96 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.99 and a quick ratio of 0.82.
Union Pacific (NYSE:UNP – Get Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter in the prior year, the business earned $3.03 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. Research analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.
Union Pacific Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be given a dividend of $1.42 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific’s dividend payout ratio is presently 44.70%.
Union Pacific Company 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.
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