CIBC Asset Management Inc Sells 61,127 Shares of Union Pacific Corporation $UNP

CIBC Asset Management Inc trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,587 shares of the railroad operator’s stock after selling 61,127 shares during the period. CIBC Asset Management Inc’s holdings in Union Pacific were worth $56,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC increased its holdings in Union Pacific by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock worth $532,000 after purchasing an additional 45 shares in the last quarter. St. Johns Investment Management Company LLC increased its stake in Union Pacific by 1.6% in the second quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock valued at $693,000 after purchasing an additional 46 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in Union Pacific by 2.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after buying an additional 46 shares during the period. Silver Oak Securities Incorporated lifted its holdings in shares of Union Pacific by 4.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator’s stock worth $252,000 after purchasing an additional 46 shares in the last quarter. Finally, Schubert & Co lifted its stake in shares of Union Pacific by 1.9% in the second quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after buying an additional 47 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UNP. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Barclays reaffirmed an “overweight” rating and issued a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. TD Cowen reaffirmed a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. UBS Group set a $253.00 price target on Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.18.

Union Pacific Price Performance

Shares of UNP opened at $229.67 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a 50 day moving average of $231.23 and a 200 day moving average of $226.87. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $136.23 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the business earned $2.75 earnings per share. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Union Pacific 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.