Wedge Capital Management L L P NC Sells 4,114 Shares of Union Pacific Corporation $UNP

Wedge Capital Management L L P NC trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 23.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,253 shares of the railroad operator’s stock after selling 4,114 shares during the period. Wedge Capital Management L L P NC’s holdings in Union Pacific were worth $3,066,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Stephens Consulting LLC increased its position in shares of Union Pacific by 48.4% during the fourth quarter. Stephens Consulting LLC now owns 135 shares of the railroad operator’s stock worth $31,000 after buying an additional 44 shares during the period. Howard Capital Management Group LLC lifted its holdings in 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 valued at $532,000 after buying an additional 45 shares during the period. Prestige Wealth Management Group LLC boosted its position in Union Pacific by 1.4% during the third quarter. Prestige Wealth Management Group LLC now owns 3,186 shares of the railroad operator’s stock valued at $753,000 after acquiring an additional 45 shares during the last quarter. Keebeck Wealth Management boosted its position in Union Pacific by 1.7% during the third quarter. Keebeck Wealth Management now owns 2,691 shares of the railroad operator’s stock valued at $636,000 after acquiring an additional 45 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its holdings in Union Pacific by 2.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after acquiring an additional 46 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on UNP. Citigroup reissued a “buy” rating and issued a $270.00 price objective (up from $265.00) on shares of Union Pacific in a research report on Wednesday, January 28th. Robert W. Baird set a $311.00 target price on Union Pacific and gave the stock an “outperform” rating in a research note on Friday, March 6th. Susquehanna reissued a “buy” rating on shares of Union Pacific in a research note on Monday, January 19th. The Goldman Sachs Group restated a “neutral” rating and set a $267.00 price target on shares of Union Pacific in a report on Tuesday, January 27th. Finally, Weiss Ratings raised shares of Union Pacific from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.86.

Union Pacific Stock Up 0.1%

Union Pacific stock opened at $239.06 on Monday. The firm has a market capitalization of $141.86 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95. The firm’s fifty day moving average price is $248.35 and its two-hundred day moving average price is $235.20. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. 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 (NYSE:UNP) last posted its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 EPS for the quarter, missing the consensus estimate 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 firm earned $2.91 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid 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 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.