CIBC Asset Management Inc Trims Stake in Union Pacific Co. (UNP)

CIBC Asset Management Inc lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 84,123 shares of the railroad operator’s stock after selling 1,913 shares during the period. CIBC Asset Management Inc’s holdings in Union Pacific were worth $13,698,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UNP. Lenox Wealth Advisors LLC acquired a new stake in Union Pacific during the second quarter worth approximately $105,000. Landaas & Co. WI ADV acquired a new stake in Union Pacific during the second quarter worth approximately $133,000. grace capital acquired a new stake in Union Pacific during the second quarter worth approximately $142,000. Exane Derivatives raised its holdings in Union Pacific by 85.1% during the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock worth $155,000 after purchasing an additional 504 shares in the last quarter. Finally, Brand Asset Management Group Inc. acquired a new stake in Union Pacific during the second quarter worth approximately $169,000. 80.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UNP opened at $150.17 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. The company has a market cap of $109.46 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Union Pacific Co. has a 12-month low of $115.16 and a 12-month high of $165.63.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period last year, the firm posted $1.50 earnings per share. Analysts anticipate that Union Pacific Co. will post 7.84 earnings per share for the current year.

A number of analysts have weighed in on UNP shares. Loop Capital raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. ValuEngine raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Bank of America raised their price objective on shares of Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. UBS Group raised their price objective on shares of Union Pacific from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $161.44.

In other news, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the transaction, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the transaction, the executive vice president now owns 106,518 shares in the company, valued at $17,448,713.58. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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