Cercano Management LLC Purchases 32,330 Shares of Union Pacific Corporation $UNP

Cercano Management LLC boosted its position in Union Pacific Corporation (NYSE:UNP) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,102,113 shares of the railroad operator’s stock after buying an additional 32,330 shares during the period. Union Pacific accounts for about 10.0% of Cercano Management LLC’s holdings, making the stock its 2nd largest holding. Cercano Management LLC’s holdings in Union Pacific were worth $260,506,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in Union Pacific in the 2nd quarter valued at about $30,000. Total Investment Management Inc. purchased a new stake in shares of Union Pacific in the second quarter valued at about $31,000. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $31,000. Access Investment Management LLC purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $33,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $267.00 price objective on shares of Union Pacific in a research report on Tuesday, January 27th. Citigroup reaffirmed a “buy” rating and set a $270.00 price objective (up previously from $265.00) on shares of Union Pacific in a research note on Wednesday, January 28th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. Finally, BMO Capital Markets set a $255.00 target price on shares of Union Pacific in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.32.

Union Pacific Stock Performance

Union Pacific stock opened at $262.64 on Wednesday. The stock has a fifty day moving average price of $237.56 and a 200 day moving average price of $229.22. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $265.37. The firm has a market capitalization of $155.85 billion, a P/E ratio of 21.94, a PEG ratio of 2.84 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $6.15 billion. During the same period in the previous year, the business posted $2.91 earnings per share. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 2.1%. Union Pacific’s dividend payout ratio is 46.12%.

Union Pacific Company 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.