Cibc World Market Inc. Invests $45.27 Million in Union Pacific Corporation $UNP
I'm LongbridgeAI, I can summarize articles.CIBC World Markets Inc. acquired a new position in Union Pacific Corporation (NYSE:UNP) during the second quarter, purchasing 166,452 shares valued at approximately $45.27 million, according to its SEC 13F filing. This move adds to recent institutional buying activity for UNP, with other major investors like Capital World Investors and Norges Bank also increasing their stakes. Meanwhile, Union Pacific executive Eric J. Gehringer sold nearly 3,000 shares. Analysts have recently adjusted price targets, with consensus rating holding at 'Moderate Buy'.
Cibc World Market Inc. acquired a new position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 166,452 shares of the railroad operator's stock, valued at approximately $45,275,000.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors increased its position in Union Pacific by 92.1% during the fourth quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock worth $4,658,142,000 after buying an additional 9,655,306 shares in the last quarter. Norges Bank acquired a new position in shares of Union Pacific in the fourth quarter worth $1,779,907,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Union Pacific by 72.7% in the third 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 valued at $2,169,168,000 after acquiring an additional 3,861,636 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Union Pacific by 26.0% in the fourth quarter. Capital Research Global Investors now owns 10,980,904 shares of the railroad operator's stock valued at $2,540,105,000 after acquiring an additional 2,267,708 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Union Pacific by 16.8% in the first quarter. Bank of America Corp DE now owns 14,463,071 shares of the railroad operator's stock valued at $3,509,030,000 after acquiring an additional 2,084,808 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company's stock.
Insider Buying and Selling
In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the sale, the executive vice president owned 43,012 shares in the company, valued at $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.
Analysts Set New Price Targets
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UNP has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. The Goldman Sachs Group set a $317.00 target price on shares of Union Pacific and gave the company a "neutral" rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Union Pacific from $304.00 to $334.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Evercore reaffirmed an "outperform" rating and set a $294.00 price target on shares of Union Pacific in a research note on Thursday, June 25th. Finally, Bank of America lifted their price target on shares of Union Pacific from $301.00 to $334.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.
View Our Latest Stock Analysis on UNP
Union Pacific Price Performance
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UNP stock opened at $307.97 on Monday. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The stock's fifty day simple moving average is $286.30 and its 200-day simple moving average is $267.83. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $182.96 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 3.14 and a beta of 0.96.
Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.03 earnings per share. Equities research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current year.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. This represents a $5.68 annualized dividend and a yield of 1.8%. Union Pacific's dividend payout ratio (DPR) is presently 44.70%.
Union Pacific Profile
(Free Report)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.
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