CIBC Private Wealth Group LLC Cuts Stake in Union Pacific Corporation $UNP

CIBC Private Wealth Group LLC lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,795,510 shares of the railroad operator’s stock after selling 9,410 shares during the period. Union Pacific comprises about 0.7% of CIBC Private Wealth Group LLC’s investment portfolio, making the stock its 28th biggest position. CIBC Private Wealth Group LLC owned 0.30% of Union Pacific worth $424,405,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UNP. Caitlin John LLC bought a new position in shares of Union Pacific during the third quarter valued at about $27,000. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific in the second quarter worth about $30,000. Total Investment Management Inc. bought a new stake in shares of Union Pacific in the 2nd quarter valued at about $31,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at about $31,000. Finally, Quarry LP purchased a new stake in Union Pacific during the 3rd quarter valued at about $34,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UNP shares. Susquehanna reaffirmed a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. BMO Capital Markets reissued a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a research note on Thursday, February 19th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a report on Thursday, December 18th. TD Cowen decreased their target price on shares of Union Pacific from $257.00 to $255.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Finally, Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the company an “outperform” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $263.77.

Union Pacific Price Performance

Shares of UNP stock opened at $242.15 on Wednesday. The business’s fifty day moving average is $246.85 and its 200 day moving average is $234.17. The company has a quick ratio of 0.75, a current ratio of 0.91 and a debt-to-equity ratio of 1.64. The stock has a market cap of $143.69 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.64 and a beta of 0.95. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $268.14.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.91 EPS. Research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is 46.12%.

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.