CIBC Asset Management Inc Has $64.56 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

CIBC Asset Management Inc lifted its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 283,434 shares of the railroad operator’s stock after purchasing an additional 9,829 shares during the quarter. CIBC Asset Management Inc’s holdings in Union Pacific were worth $64,557,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of UNP. Exchange Traded Concepts LLC lifted its holdings in shares of Union Pacific by 1,306.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 450 shares of the railroad operator’s stock worth $111,000 after acquiring an additional 418 shares during the period. Creative Planning lifted its stake in Union Pacific by 6.7% during the third quarter. Creative Planning now owns 258,290 shares of the railroad operator’s stock worth $62,439,000 after purchasing an additional 16,272 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of Union Pacific by 16.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,860 shares of the railroad operator’s stock valued at $705,000 after purchasing an additional 403 shares in the last quarter. Claro Advisors LLC increased its stake in shares of Union Pacific by 87.1% in the 3rd quarter. Claro Advisors LLC now owns 2,161 shares of the railroad operator’s stock valued at $533,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new position in shares of Union Pacific during the 3rd quarter worth $657,000. Institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $250.00, for a total value 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 $16,240,000. The trade was a 10.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the transaction, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $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. Insiders own 0.28% of the company’s stock.

Union Pacific Stock Down 0.7 %

Shares of NYSE:UNP opened at $249.27 on Monday. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.63. The business’s 50-day moving average is $236.34 and its 200-day moving average is $240.41. The company has a market capitalization of $151.12 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm earned $2.71 EPS. Equities research analysts predict that Union Pacific Co. will post 12.01 earnings per share for the current year.

Union Pacific Announces Dividend

The business 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. This represents a $5.36 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. TD Cowen raised their target price on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Barclays increased their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada dropped their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $261.40.

About Union Pacific

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.