Union Pacific Corporation $UNP Stake Raised by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn increased its stake in Union Pacific by 163.2% in Q3, adding 93,860 shares to hold 151,358 shares worth about $35.78 million.
• Analysts maintain a consensus rating of "Moderate Buy" with a consensus price target of $263.77, though individual targets and ratings vary (JPMorgan cut its target to $265 while others range from Strong Buy to Hold).
• Union Pacific declared a quarterly dividend of $1.38 (annualized $5.52) for a ~2.3% yield, with an ex-dividend date of Feb. 27 and payment on Mar. 31.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 163.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,358 shares of the railroad operator's stock after buying an additional 93,860 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Union Pacific were worth $35,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Group LLC grew its stake in shares of Union Pacific by 2.0% in the third quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator's stock worth $532,000 after purchasing an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Union Pacific by 1.4% in the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator's stock worth $753,000 after purchasing an additional 45 shares during the period. Hanson & Doremus Investment Management lifted its holdings in Union Pacific by 2.5% in the third quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator's stock worth $444,000 after purchasing an additional 46 shares during the period. Silver Oak Securities Incorporated grew its position in Union Pacific by 4.5% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,065 shares of the railroad operator's stock valued at $252,000 after buying an additional 46 shares in the last quarter. Finally, CFO4Life Group LLC grew its position in Union Pacific by 1.2% in the 3rd quarter. CFO4Life Group LLC now owns 3,754 shares of the railroad operator's stock valued at $887,000 after buying an additional 46 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Union Pacific from $270.00 to $265.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 28th. Susquehanna reiterated a "buy" rating on shares of Union Pacific in a report on Monday, January 19th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a research report on Thursday, December 11th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $295.00 price target on shares of Union Pacific in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $263.77.

Union Pacific Stock Performance

NYSE:UNP opened at $243.96 on Friday. The company has a 50-day moving average of $246.26 and a 200-day moving average of $233.60. The firm has a market cap of $144.77 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.95. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $268.14.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 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 during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the firm earned $2.91 earnings per share. The firm's revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific's dividend payout ratio is currently 46.12%.

About Union Pacific

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.

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