CIBC Asset Management Inc Acquires 9,829 Shares of Union Pacific Co. (NYSE:UNP)

CIBC Asset Management Inc grew its stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,434 shares of the railroad operator's stock after acquiring 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in Union Pacific in the 4th quarter worth approximately $25,000. Synergy Asset Management LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of Union Pacific during the 3rd quarter valued at approximately $30,000. Dunhill Financial LLC lifted its holdings in Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator's stock valued at $32,000 after purchasing an additional 68 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in Union Pacific in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP traded up $0.58 during mid-day trading on Thursday, hitting $247.64. The stock had a trading volume of 1,425,402 shares, compared to its average volume of 2,682,249. The company's fifty day simple moving average is $237.20 and its two-hundred day simple moving average is $240.57. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The company has a market cap of $149.64 billion, a PE ratio of 22.33, a PEG ratio of 2.18 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping 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 period in the prior year, the firm posted $2.71 EPS. On average, equities analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $1.34 per share. The ex-dividend date is Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.16%. Union Pacific's dividend payout ratio is 48.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UNP shares. Benchmark raised their price objective on Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a report on Friday, January 24th. BMO Capital Markets raised their price objective on Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Susquehanna cut their target price on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Royal Bank of Canada cut their target price on Union Pacific from $288.00 to $283.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on Union Pacific from $253.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of "Moderate Buy" and a consensus target price of $261.40.

Insider Buying and Selling at Union Pacific

In other Union Pacific 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 owns 64,960 shares of the company's stock, valued at $16,240,000. The trade was a 10.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig V. Richardson sold 6,495 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $6,632,388. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company's stock.

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.