Cidel Asset Management Inc. Buys 15,079 Shares of Union Pacific Corporation $UNP

Key Points

• Cidel Asset Management Inc. increased its stake in Union Pacific Corporation by 17.6%, adding 15,079 shares to hold a total of 100,561 shares worth approximately $23.14 million as of its latest SEC filing.
• Union Pacific's stock price recently opened at $225.98, showing a 0.9% increase, with a market cap of $134.03 billion and a P/E ratio of 19.63.
• Analysts have a generally positive outlook on Union Pacific, with an average target price of $261.58 and 15 buy ratings, reflecting strong investor confidence in the company's future performance.

Cidel Asset Management Inc. grew its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,561 shares of the railroad operator's stock after purchasing an additional 15,079 shares during the period. Union Pacific makes up approximately 1.4% of Cidel Asset Management Inc.'s holdings, making the stock its 25th largest holding. Cidel Asset Management Inc.'s holdings in Union Pacific were worth $23,137,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Salomon & Ludwin LLC grew its stake in shares of Union Pacific by 217.4% in the 2nd quarter. Salomon & Ludwin LLC now owns 292 shares of the railroad operator's stock valued at $69,000 after purchasing an additional 200 shares during the period. Financial Synergies Wealth Advisors Inc. bought a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $363,000. DeDora Capital Inc. grew its stake in shares of Union Pacific by 4.1% in the 2nd quarter. DeDora Capital Inc. now owns 10,643 shares of the railroad operator's stock valued at $2,449,000 after purchasing an additional 424 shares during the period. Gladwyn Financial Advisors Inc. bought a new stake in shares of Union Pacific in the 2nd quarter valued at approximately $71,000. Finally, Schubert & Co grew its stake in shares of Union Pacific by 1.9% in the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator's stock valued at $578,000 after purchasing an additional 47 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 0.9%

NYSE:UNP opened at $225.98 on Friday. The stock's fifty day moving average price is $224.71 and its two-hundred day moving average price is $224.02. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market cap of $134.03 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.35 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNP. Susquehanna reissued a "positive" rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and boosted their target price for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Citigroup reissued a "buy" rating and issued a $263.00 target price (up from $251.00) on shares of Union Pacific in a report on Monday, October 13th. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, UBS Group set a $253.00 target price on Union Pacific and gave the stock a "neutral" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and an average target price of $261.58.

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.

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