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

Cinctive Capital Management LP bought a new position in Union Pacific Corporation (NYSE:UNP) during the 3rd quarter, Holdings Channel reports. The firm bought 14,079 shares of the railroad operator’s stock, valued at approximately $3,328,000.

A number of other large investors have also bought and sold shares of UNP. Union Bancaire Privee UBP SA grew its stake in shares of Union Pacific by 9.8% during the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock valued at $12,492,000 after purchasing an additional 4,707 shares during the last quarter. Midwest Trust Co raised its position in Union Pacific by 2.8% in the 3rd quarter. Midwest Trust Co now owns 281,036 shares of the railroad operator’s stock worth $66,428,000 after purchasing an additional 7,759 shares during the last quarter. CX Institutional lifted its holdings in Union Pacific by 39.8% during the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after buying an additional 18,742 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Union Pacific by 15.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 135,188 shares of the railroad operator’s stock worth $31,955,000 after buying an additional 17,696 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new position in Union Pacific in the 3rd quarter valued at $802,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

UNP stock opened at $242.22 on Monday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. 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 firm has a market cap of $143.73 billion, a PE ratio of 20.24, a P/E/G ratio of 2.65 and a beta of 0.95. The business’s 50-day moving average price is $246.47 and its two-hundred day moving average price is $233.90.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business 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 firm’s revenue was down .6% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UNP shares. Citigroup reissued a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. BMO Capital Markets reissued a “market perform” rating and set a $295.00 price objective on shares of Union Pacific in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $263.77.

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.