Cibc World Market Inc. Boosts Holdings in Union Pacific Corporation $UNP

Cibc World Market Inc. grew its stake in shares of Union Pacific Corporation (NYSE:UNP) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,547 shares of the railroad operator’s stock after acquiring an additional 20,249 shares during the quarter. Cibc World Market Inc.’s holdings in Union Pacific were worth $33,436,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on UNP shares. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Raymond James Financial set a $310.00 target price on shares of Union Pacific in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $277.00 price target on shares of Union Pacific in a research report on Friday, April 24th. TD Cowen increased their price target on Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $300.00 price objective (up from $260.00) on shares of Union Pacific in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.47.

Union Pacific Price Performance

Shares of UNP stock opened at $263.54 on Friday. The firm has a fifty day simple moving average of $258.71 and a 200-day simple moving average of $246.85. The company has a market capitalization of $156.47 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.78 and a beta of 0.97. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.70 EPS. Equities research analysts anticipate that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

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

Insider Buying and Selling

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the sale, the executive vice president directly owned 61,102 shares in the company, valued at $16,605,079.52. The trade was a 30.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction that occurred on 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 approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,377 shares of company stock worth $9,251,221. 0.22% of the stock is currently owned by corporate insiders.

About Union Pacific

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.