Union Pacific Corporation $UNP Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in shares of Union Pacific Corporation (NYSE:UNP) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 266,757 shares of the railroad operator’s stock after purchasing an additional 28,170 shares during the period. CIBC Asset Management Inc’s holdings in Union Pacific were worth $61,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNP. Tucker Asset Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $25,000. Caitlin John LLC acquired a new stake in shares of Union Pacific in the third quarter worth $27,000. Saranac Partners Ltd acquired a new stake in shares of Union Pacific in the third quarter worth $27,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Union Pacific in the fourth quarter worth $26,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Activity

In other news, EVP Eric J. Gehringer sold 1,999 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jennifer L. Hamann sold 2,000 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the completion of the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,386 shares of company stock worth $8,461,716. 0.22% of the stock is currently owned by company insiders.

Union Pacific Price Performance

Shares of UNP stock opened at $262.87 on Thursday. The company has a market capitalization of $156.07 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.81 and a beta of 0.97. The firm has a fifty day simple moving average of $258.23 and a 200-day simple moving average of $246.56. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $279.70.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.12 billion. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.70 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 12.53 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio is 45.47%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $277.00 price objective on shares of Union Pacific in a research report on Friday, April 24th. Benchmark increased their price objective on shares of Union Pacific from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Robert W. Baird set a $311.00 price objective on shares of Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.47.

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.