Cidel Asset Management Inc. Has $20.19 Million Stock Holdings in Union Pacific Corporation (NYSE:UNP)

Cidel Asset Management Inc. lifted its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,482 shares of the railroad operator's stock after acquiring an additional 2,180 shares during the period. Union Pacific makes up about 1.3% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 26th largest holding. Cidel Asset Management Inc.'s holdings in Union Pacific were worth $20,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Highline Wealth Partners LLC lifted its holdings in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC acquired a new stake in Union Pacific in the 4th quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL raised its position in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in Union Pacific in the 1st quarter valued at approximately $60,000. Finally, Meeder Asset Management Inc. boosted its position in Union Pacific by 223.2% during the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock worth $70,000 after acquiring an additional 212 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP stock traded up $5.53 on Tuesday, hitting $235.61. The company's stock had a trading volume of 2,687,500 shares, compared to its average volume of 2,714,010. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07. The company has a market capitalization of $140.77 billion, a PE ratio of 21.23, a PEG ratio of 2.32 and a beta of 1.05. The stock's 50 day moving average is $222.40 and its 200-day moving average is $230.64. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 EPS. Equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.27%. Union Pacific's payout ratio is 48.29%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a report on Friday, March 7th. They set a "buy" rating and a $295.00 target price for the company. UBS Group decreased their price objective on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Barclays decreased their price target on Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Stephens dropped their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $256.91.

About Union Pacific

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.