Cynosure Management LLC Boosts Stock Position in Union Pacific Co. (NYSE:UNP)
Cynosure Management LLC boosted its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 32.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,104 shares of the railroad operator’s stock after acquiring an additional 23,422 shares during the period. Union Pacific makes up approximately 5.9% of Cynosure Management LLC’s investment portfolio, making the stock its largest holding. Cynosure Management LLC’s holdings in Union Pacific were worth $19,665,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Union Pacific by 104,263.0% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 341,697,058 shares of the railroad operator’s stock valued at $69,918,052,000 after purchasing an additional 341,369,646 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Union Pacific by 90,390.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock valued at $2,836,353,000 after acquiring an additional 13,682,419 shares during the last quarter. Norges Bank acquired a new stake in shares of Union Pacific in the fourth quarter valued at about $1,276,498,000. Soroban Capital Partners LP increased its position in shares of Union Pacific by 77.5% in the first quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock valued at $1,662,445,000 after acquiring an additional 3,605,266 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Union Pacific by 54.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,693,943 shares of the railroad operator’s stock valued at $1,347,224,000 after acquiring an additional 2,349,841 shares during the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.
Insider Buying and Selling
In related news, EVP Eric J. Gehringer sold 1,274 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $203.24, for a total transaction of $258,927.76. Following the sale, the executive vice president now owns 31,991 shares of the company’s stock, valued at $6,501,850.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by corporate insiders.
Union Pacific Price Performance
Shares of NYSE UNP traded down $1.72 during mid-day trading on Friday, reaching $229.77. 2,544,779 shares of the company were exchanged, compared to its average volume of 2,242,196. Union Pacific Co. has a 52 week low of $183.69 and a 52 week high of $240.48. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.22. The stock has a market capitalization of $140.07 billion, a PE ratio of 22.05, a PEG ratio of 2.73 and a beta of 1.10. The company’s 50 day moving average price is $213.96 and its 200 day moving average price is $212.72.
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The railroad operator reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. Union Pacific had a net margin of 26.37% and a return on equity of 49.14%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same period in the previous year, the firm posted $3.19 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Co. will post 10.24 earnings per share for the current fiscal year.
Union Pacific Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 8th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 7th. Union Pacific’s payout ratio is presently 49.90%.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Barclays lowered their target price on Union Pacific from $285.00 to $275.00 in a research report on Wednesday, October 4th. Susquehanna lowered their target price on Union Pacific from $240.00 to $220.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 3rd. Bank of America lowered their target price on Union Pacific from $265.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, September 25th. Benchmark reiterated a “buy” rating and set a $254.00 price target on shares of Union Pacific in a report on Friday, October 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $282.00 price target on shares of Union Pacific in a report on Friday, October 20th. Ten analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $238.96.
Read Our Latest Stock Analysis on UNP
Union Pacific Company Profile (Free Report)
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
Further Reading
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Original: MarketBeat News Feed: Cynosure Management LLC Boosts Stock Position in Union Pacific Co. (NYSE:UNP)