Wedge Capital Management L L P NC Cuts Stock Holdings in Union Pacific Corporation $UNP

Wedge Capital Management L L P NC lowered its stake in Union Pacific Corporation (NYSE:UNP) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,367 shares of the railroad operator’s stock after selling 3,978 shares during the period. Wedge Capital Management L L P NC’s holdings in Union Pacific were worth $4,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its position in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Union Pacific during the 2nd quarter valued at $30,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at $31,000. Total Investment Management Inc. purchased a new position in shares of Union Pacific in the second quarter valued at about $31,000. Finally, Access Investment Management LLC bought a new position in shares of Union Pacific during the second quarter valued at about $32,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP stock opened at $234.66 on Tuesday. The business’s fifty day moving average is $227.02 and its 200 day moving average is $226.45. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75. The stock has a market cap of $139.19 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.72 and a beta of 0.99. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. Research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Analysts Set New Price Targets

UNP has been the topic of several recent analyst reports. Cowen reissued a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. BMO Capital Markets dropped their price objective on Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their target price on Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and raised their price target for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Finally, The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $260.33.

Union Pacific Profile

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.