Union Pacific Corporation $UNP Shares Acquired by Cercano Management LLC

Cercano Management LLC raised its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126,608 shares of the railroad operator’s stock after acquiring an additional 24,495 shares during the period. Union Pacific makes up 10.0% of Cercano Management LLC’s holdings, making the stock its 3rd largest position. Cercano Management LLC’s holdings in Union Pacific were worth $260,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in Union Pacific by 40.4% in the 1st quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Union Pacific by 0.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the last quarter. Main Street Financial Solutions LLC increased its position in Union Pacific by 1.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock worth $859,000 after purchasing an additional 58 shares during the last quarter. HUB Investment Partners LLC increased its position in Union Pacific by 10.0% in the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after purchasing an additional 554 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in Union Pacific by 7.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after purchasing an additional 105,664 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, EVP Kenyatta G. Rocker sold 27,387 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president directly owned 61,102 shares in the company, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric J. Gehringer sold 1,999 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $234.93, for a total value of $469,625.07. The SEC filing for this sale provides additional information. Insiders sold 31,386 shares of company stock valued at $8,461,716 in the last three months. Corporate insiders own 0.22% of the company’s stock.

Union Pacific Trading Up 0.3%

Union Pacific stock opened at $263.31 on Tuesday. The business has a 50 day moving average price of $257.15 and a two-hundred day moving average price of $245.98. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. The stock has a market cap of $156.33 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $279.70.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the prior year, the firm posted $2.70 EPS. Union Pacific’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Union Pacific Corporation will post 12.53 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Analysts Set New Price Targets

Several research analysts have weighed in on UNP shares. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a research report on Friday, March 6th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $285.00 target price (up from $278.00) on shares of Union Pacific in a research report on Friday, April 24th. Sanford C. Bernstein upped their target price on Union Pacific from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Weiss Ratings upgraded Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $289.00 price target (up from $273.00) on shares of Union Pacific in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.47.

Union Pacific 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.