Cane Capital Partners LLC Purchases New Position in Union Pacific Corporation $UNP

Cane Capital Partners LLC purchased a new stake in Union Pacific Corporation (NYSE:UNP) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,342 shares of the railroad operator’s stock, valued at approximately $1,236,000.

A number of other hedge funds have also modified their holdings of UNP. Caitlin John LLC acquired a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $27,000. Saranac Partners Ltd acquired a new stake in shares of Union Pacific in the 3rd quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $31,000. Stephens Consulting LLC raised its position in shares of Union Pacific by 48.4% in the 4th quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $33,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UNP. Citigroup increased their price target on shares of Union Pacific from $270.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a research report on Thursday, December 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research note on Thursday, December 11th. Finally, Susquehanna reissued a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.86.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 1,999 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $234.93, for a total transaction of $469,625.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific Price Performance

NYSE UNP opened at $245.90 on Wednesday. The business has a 50 day simple moving average of $250.34 and a 200 day simple moving average of $236.49. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $268.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.75 and a current ratio of 0.91. The stock has a market cap of $145.91 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.70 and a beta of 0.96.

Union Pacific (NYSE:UNP) last posted its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.15 billion. During the same period in the previous year, the company posted $2.91 earnings per share. Union Pacific’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, February 27th. Union Pacific’s dividend payout ratio (DPR) is currently 46.12%.

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.