CIBC Private Wealth Group LLC Sells 9,410 Shares of Union Pacific Corporation $UNP

CIBC Private Wealth Group LLC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,795,510 shares of the railroad operator’s stock after selling 9,410 shares during the period. Union Pacific accounts for about 0.7% of CIBC Private Wealth Group LLC’s holdings, making the stock its 28th largest holding. CIBC Private Wealth Group LLC’s holdings in Union Pacific were worth $424,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Union Pacific in the second quarter worth $1,856,340,000. Capital World Investors increased its holdings in shares of Union Pacific by 193.3% during the third quarter. Capital World Investors now owns 10,481,043 shares of the railroad operator’s stock valued at $2,477,404,000 after acquiring an additional 6,908,016 shares in the last quarter. Capital Research Global Investors raised its position in shares of Union Pacific by 95.0% in the 3rd quarter. Capital Research Global Investors now owns 8,713,196 shares of the railroad operator’s stock worth $2,059,538,000 after purchasing an additional 4,244,226 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Union Pacific by 72.7% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,177,002 shares of the railroad operator’s stock worth $2,169,168,000 after purchasing an additional 3,861,636 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its stake in Union Pacific by 22,618.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock worth $603,876,000 after purchasing an additional 2,613,083 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.0%

Shares of Union Pacific stock opened at $242.15 on Wednesday. The company’s fifty day simple moving average is $246.85 and its 200-day simple moving average is $234.17. The stock has a market capitalization of $143.69 billion, a PE ratio of 20.23, a P/E/G ratio of 2.64 and a beta of 0.95. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.91 and a quick ratio of 0.75.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Tuesday, January 27th. The railroad operator reported $2.86 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 company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter last year, the company earned $2.91 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities 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. Shareholders of record on Friday, February 27th will be given a $1.38 dividend. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. Union Pacific’s dividend payout ratio is presently 46.12%.

Wall Street Analyst Weigh In

UNP has been the topic of several recent analyst reports. Susquehanna reissued a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 target price on shares of Union Pacific in a research note on Thursday, February 19th. Barclays reiterated an “overweight” rating and set a $285.00 price target (up from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Citigroup reissued a “buy” rating and set a $270.00 price target (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $263.77.

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.