Cinctive Capital Management LP Takes Position in Union Pacific Corporation $UNP

Cinctive Capital Management LP acquired a new stake in Union Pacific Corporation (NYSE:UNP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,079 shares of the railroad operator’s stock, valued at approximately $3,328,000.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in Union Pacific by 0.5% during the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after purchasing an additional 102 shares during the last quarter. Advisors Capital Management LLC grew its holdings in Union Pacific by 45.1% during the second quarter. Advisors Capital Management LLC now owns 4,768 shares of the railroad operator’s stock valued at $1,097,000 after purchasing an additional 1,483 shares during the last quarter. WealthShield Partners LLC raised its position in shares of Union Pacific by 2.4% in the second quarter. WealthShield Partners LLC now owns 6,970 shares of the railroad operator’s stock valued at $1,604,000 after purchasing an additional 166 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Union Pacific by 1.5% in the second quarter. Cetera Investment Advisers now owns 184,662 shares of the railroad operator’s stock valued at $42,487,000 after purchasing an additional 2,652 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UNP. Barclays reaffirmed an “overweight” rating and set a $285.00 price objective (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Susquehanna reiterated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Citigroup reissued a “buy” rating and set a $270.00 target price (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Weiss Ratings upgraded shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $263.77.

Union Pacific Price Performance

Union Pacific stock opened at $242.22 on Monday. The business has a 50 day simple moving average of $246.47 and a 200 day simple moving average of $233.90. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75. The company has a market capitalization of $143.73 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.65 and a beta of 0.95. Union Pacific Corporation has a one year low of $204.66 and a one year high of $268.14.

Union Pacific (NYSE:UNP) last announced 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 company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter last year, the company earned $2.91 earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is presently 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.