CIBC Private Wealth Group LLC Has $363.48 Million Stake in Union Pacific Co. (NYSE:UNP)

CIBC Private Wealth Group LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,567,936 shares of the railroad operator’s stock after selling 53,651 shares during the period. CIBC Private Wealth Group LLC’s holdings in Union Pacific were worth $363,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. RWA Wealth Partners LLC increased its holdings in Union Pacific by 4.1% during the 4th quarter. RWA Wealth Partners LLC now owns 116,916 shares of the railroad operator’s stock worth $26,661,000 after purchasing an additional 4,592 shares in the last quarter. American Money Management LLC grew its holdings in Union Pacific by 1.3% during the fourth quarter. American Money Management LLC now owns 25,966 shares of the railroad operator’s stock worth $5,921,000 after buying an additional 330 shares in the last quarter. Allianz SE purchased a new stake in Union Pacific in the 4th quarter valued at $8,556,000. Gardner Russo & Quinn LLC lifted its stake in Union Pacific by 0.5% during the 4th quarter. Gardner Russo & Quinn LLC now owns 24,536 shares of the railroad operator’s stock valued at $5,595,000 after acquiring an additional 116 shares in the last quarter. Finally, Palogic Value Management L.P. boosted its holdings in Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock worth $644,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $232.06 on Friday. The company’s 50 day moving average is $243.11 and its 200-day moving average is $239.47. The firm has a market cap of $140.23 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.07. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter last year, the firm posted $2.71 earnings per share. Sell-side analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.31%. Union Pacific’s payout ratio is currently 48.33%.

Insider Activity

In other news, President Elizabeth F. Whited sold 7,500 shares of Union Pacific stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares of the company’s stock, valued at approximately $16,240,000. The trade was a 10.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Robert W. Baird increased their target price on shares of Union Pacific from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Susquehanna reduced their price objective on shares of Union Pacific from $265.00 to $255.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup lifted their target price on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Guggenheim boosted their target price on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Stifel Nicolaus increased their price target on Union Pacific from $253.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $262.76.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.