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

Wedge Capital Management L L P NC lowered its position in Union Pacific Corporation (NYSE:UNP) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of Union Pacific by 40.4% during the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock valued at $546,000 after acquiring an additional 665 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock worth $4,741,000 after purchasing an additional 102 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Union Pacific in the 2nd quarter valued at $115,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Union Pacific by 34.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,182 shares of the railroad operator’s stock valued at $1,883,000 after purchasing an additional 2,115 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Union Pacific by 2.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213,114 shares of the railroad operator’s stock worth $49,033,000 after purchasing an additional 4,092 shares during the period. 80.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Union Pacific from $270.00 to $265.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Evercore raised shares of Union Pacific from an “in-line” rating to an “outperform” rating and set a $262.00 price objective on the stock in a research report on Thursday, March 19th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, January 27th. Finally, Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the stock an “outperform” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has an average 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. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $268.14. The firm has a market capitalization of $141.86 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 2.61 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. The firm has a 50 day simple moving average of $248.35 and a 200 day simple moving average of $235.20.

Union Pacific (NYSE:UNP) last posted its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (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 company had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter in the prior year, the company earned $2.91 EPS. The company’s revenue was down .6% on a year-over-year basis. On average, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

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

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.