Wesbanco Bank Inc. Sells 3,754 Shares of Union Pacific Co. (NYSE:UNP)

Wesbanco Bank Inc. trimmed its position in shares of Union Pacific Co. (NYSE:UNPFree Report) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,826 shares of the railroad operator’s stock after selling 3,754 shares during the quarter. Wesbanco Bank Inc.’s holdings in Union Pacific were worth $6,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $1,832,127,000. Clearbridge Investments LLC lifted its position in shares of Union Pacific by 108.9% during the third quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after purchasing an additional 2,151,893 shares in the last quarter. FMR LLC lifted its position in shares of Union Pacific by 62.8% during the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock worth $1,119,295,000 after purchasing an additional 2,119,382 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Union Pacific by 23.1% during the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after purchasing an additional 1,285,144 shares in the last quarter. Finally, Winslow Capital Management LLC acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $293,162,000. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UNP shares. Wells Fargo & Company initiated coverage on shares of Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price on the stock. Stifel Nicolaus raised shares of Union Pacific from a “hold” rating to a “buy” rating and raised their target price for the company from $248.00 to $267.00 in a research report on Friday, May 3rd. Jefferies Financial Group assumed coverage on shares of Union Pacific in a research report on Monday, April 8th. They issued a “hold” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Finally, TD Cowen raised their target price on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.70.

View Our Latest Report on UNP

Union Pacific Price Performance

Shares of Union Pacific stock traded down $0.02 on Friday, reaching $222.10. The stock had a trading volume of 2,075,159 shares, compared to its average volume of 2,290,580. Union Pacific Co. has a 1 year low of $199.06 and a 1 year high of $258.66. The company has a market cap of $135.51 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a current ratio of 0.93, a quick ratio of 0.76 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $235.77 and its two-hundred day moving average is $240.58.

Union Pacific (NYSE:UNPGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.97 billion. During the same period in the prior year, the firm posted $2.67 earnings per share. The company’s revenue for the quarter was down .4% on a year-over-year basis. As a group, research analysts anticipate that Union Pacific Co. will post 11.25 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, May 31st. Union Pacific’s payout ratio is 49.62%.

Union Pacific Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNPFree Report).

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.