CIBC Private Wealth Group LLC Has $451.85 Million Stock Position in Union Pacific Co. (NYSE:UNP)

CIBC Private Wealth Group LLC boosted its stake in Union Pacific Co. (NYSE:UNP) by 14.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,050,038 shares of the railroad operator’s stock after buying an additional 259,917 shares during the period. Union Pacific makes up 1.1% of CIBC Private Wealth Group LLC’s portfolio, making the stock its 13th largest holding. CIBC Private Wealth Group LLC owned 0.31% of Union Pacific worth $451,848,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in UNP. BlackRock Inc. lifted its holdings in shares of Union Pacific by 1.0% during the 1st quarter. BlackRock Inc. now owns 46,797,183 shares of the railroad operator’s stock worth $10,314,568,000 after acquiring an additional 444,914 shares during the period. FMR LLC lifted its holdings in shares of Union Pacific by 22.8% during the 4th quarter. FMR LLC now owns 10,276,326 shares of the railroad operator’s stock worth $2,139,736,000 after acquiring an additional 1,908,977 shares during the period. Norges Bank bought a new position in Union Pacific in the 4th quarter valued at approximately $1,403,262,000. Nuveen Asset Management LLC lifted its stake in Union Pacific by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 6,582,497 shares of the railroad operator’s stock valued at $1,370,608,000 after purchasing an additional 84,102 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Union Pacific by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 6,165,846 shares of the railroad operator’s stock valued at $1,283,851,000 after purchasing an additional 93,789 shares during the last quarter. Hedge funds and other institutional investors own 77.84% of the company’s stock.

UNP has been the subject of several research reports. TD Securities increased their price objective on shares of Union Pacific from $240.00 to $245.00 and gave the company a “hold” rating in a research note on Friday, April 23rd. BMO Capital Markets increased their price objective on shares of Union Pacific from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, April 23rd. Barclays increased their price objective on shares of Union Pacific from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Friday, May 28th. Royal Bank of Canada upped their price target on shares of Union Pacific from $232.00 to $244.00 and gave the company an “outperform” rating in a research report on Friday, April 23rd. Finally, Morgan Stanley upped their price target on shares of Union Pacific from $190.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 5th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Union Pacific has an average rating of “Buy” and an average price target of $226.32.

UNP stock traded up $1.35 during mid-day trading on Friday, hitting $220.94. The company had a trading volume of 16,970 shares, compared to its average volume of 2,801,367. The stock has a market cap of $146.77 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.34 and a beta of 1.14. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.63 and a current ratio of 0.76. Union Pacific Co. has a 12 month low of $161.41 and a 12 month high of $231.26. The firm’s fifty day moving average is $223.55.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Wednesday, April 21st. The railroad operator reported $2.00 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.06). The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $5.07 billion. Union Pacific had a return on equity of 32.45% and a net margin of 27.02%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 9.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Friday, May 28th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $4.28 annualized dividend and a yield of 1.94%. This is a boost from Union Pacific’s previous quarterly dividend of $0.97. Union Pacific’s payout ratio is currently 52.26%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages 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, and other agricultural users; coal and sand, petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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