Wedge Capital Management L L P NC Cuts Stock Position in Union Pacific Co. (NYSE:UNP)

Wedge Capital Management L L P NC lowered its holdings in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,275 shares of the railroad operator's stock after selling 1,510 shares during the quarter. Wedge Capital Management L L P NC's holdings in Union Pacific were worth $4,852,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Union Pacific during the 2nd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Union Pacific during the third quarter valued at $30,000. Fairscale Capital LLC purchased a new position in Union Pacific during the second quarter valued at $31,000. Jamison Private Wealth Management Inc. grew its position in shares of Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator's stock valued at $32,000 after purchasing an additional 93 shares during the period. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Union Pacific during the third quarter worth about $32,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Citigroup lifted their price target on Union Pacific from $255.00 to $267.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Sanford C. Bernstein reduced their price objective on Union Pacific from $277.00 to $272.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Robert W. Baird lowered their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their target price on shares of Union Pacific from $267.00 to $265.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $259.35.

Union Pacific Trading Down 0.4 %

Shares of Union Pacific stock traded down $0.90 during trading hours on Monday, hitting $233.99. The company's stock had a trading volume of 3,643,704 shares, compared to its average volume of 2,141,562. The stock has a market cap of $141.86 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The firm has a fifty day moving average of $233.83 and a 200-day moving average of $239.04.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to analysts' expectations of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. Research analysts forecast that Union Pacific Co. will post 10.95 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, December 9th. Union Pacific's payout ratio is 49.22%.

Union Pacific Profile

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.