Union Pacific Corporation (UNP) Stake Lifted by CIBC World Markets Inc.
CIBC World Markets Inc. grew its holdings in Union Pacific Corporation (NYSE:UNP) by 1.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 106,854 shares of the railroad operator’s stock after acquiring an additional 1,532 shares during the quarter. CIBC World Markets Inc.’s holdings in Union Pacific Corporation were worth $11,637,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UNP. State Street Corp grew its stake in Union Pacific Corporation by 0.4% during the 1st quarter. State Street Corp now owns 34,686,206 shares of the railroad operator’s stock worth $3,673,956,000 after buying an additional 127,803 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Union Pacific Corporation by 2.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,105,753 shares of the railroad operator’s stock worth $664,978,000 after buying an additional 149,634 shares during the last quarter. Legal & General Group Plc grew its stake in Union Pacific Corporation by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 4,529,480 shares of the railroad operator’s stock worth $493,290,000 after buying an additional 163,546 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Union Pacific Corporation by 21.6% during the 1st quarter. Ameriprise Financial Inc. now owns 2,996,965 shares of the railroad operator’s stock worth $317,475,000 after buying an additional 531,917 shares during the last quarter. Finally, Swiss National Bank grew its stake in Union Pacific Corporation by 1.8% during the 2nd quarter. Swiss National Bank now owns 2,973,272 shares of the railroad operator’s stock worth $323,819,000 after buying an additional 53,100 shares during the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.
Union Pacific Corporation (NYSE UNP) opened at $116.57 on Friday. The stock has a market capitalization of $91,760.00, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.88 and a beta of 0.87. Union Pacific Corporation has a 1-year low of $97.48 and a 1-year high of $119.71. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 0.83.
Union Pacific Corporation (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.01. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific Corporation had a return on equity of 23.35% and a net margin of 21.84%. Union Pacific Corporation’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. analysts predict that Union Pacific Corporation will post 5.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a dividend of $0.665 per share. This is a boost from Union Pacific Corporation’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a yield of 2.28%. Union Pacific Corporation’s payout ratio is currently 42.83%.
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A number of research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Union Pacific Corporation from $118.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Union Pacific Corporation in a research note on Friday, August 25th. Morgan Stanley lifted their target price on Union Pacific Corporation from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 target price on shares of Union Pacific Corporation in a research note on Friday, September 15th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Union Pacific Corporation in a research note on Monday. They issued a “sell” rating and a $103.00 target price on the stock. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the stock. Union Pacific Corporation currently has an average rating of “Hold” and a consensus price target of $117.59.
Union Pacific Corporation Company Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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