Cercano Management LLC Buys 32,330 Shares of Union Pacific Corporation $UNP

Cercano Management LLC lifted its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,102,113 shares of the railroad operator’s stock after buying an additional 32,330 shares during the quarter. Union Pacific comprises about 10.0% of Cercano Management LLC’s holdings, making the stock its 2nd biggest holding. Cercano Management LLC owned 0.19% of Union Pacific worth $260,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Howard Hughes Medical Institute purchased a new stake in shares of Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. purchased a new position in Union Pacific during the 2nd quarter worth approximately $31,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific during the second quarter worth approximately $31,000. Access Investment Management LLC acquired a new position in Union Pacific during the second quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. purchased a new stake in Union Pacific in the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $262.64 on Wednesday. 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 has a 50 day simple moving average of $237.56 and a 200-day simple moving average of $229.22. The company has a market cap of $155.85 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $265.37.

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

Union Pacific Announces Dividend

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

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, January 27th. Citigroup restated a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price target on Union Pacific in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.32.

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.