Union Pacific Corporation (UNP) Stake Lessened by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA lessened its stake in Union Pacific Corporation (NYSE:UNP) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,889 shares of the railroad operator’s stock after selling 100 shares during the quarter. Union Pacific Corporation accounts for approximately 1.4% of Wedgewood Investors Inc. PA’s holdings, making the stock its 20th biggest position. Wedgewood Investors Inc. PA’s holdings in Union Pacific Corporation were worth $1,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Asset Management LLC raised its position in shares of Union Pacific Corporation by 0.3% in the 1st quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock worth $763,000 after purchasing an additional 19 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Union Pacific Corporation by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock worth $716,000 after purchasing an additional 20 shares during the last quarter. Family Firm Inc. raised its position in shares of Union Pacific Corporation by 0.5% in the 1st quarter. Family Firm Inc. now owns 4,178 shares of the railroad operator’s stock worth $443,000 after purchasing an additional 21 shares during the last quarter. Janney Capital Management LLC raised its position in shares of Union Pacific Corporation by 1.1% in the 2nd quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock worth $235,000 after purchasing an additional 24 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Union Pacific Corporation by 1.2% in the 1st quarter. Tortoise Investment Management LLC now owns 2,540 shares of the railroad operator’s stock worth $269,000 after purchasing an additional 30 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on UNP shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $120.00 price target on shares of Union Pacific Corporation in a research report on Monday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $102.00 price target (up previously from $100.00) on shares of Union Pacific Corporation in a research report on Monday, July 10th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Thursday, July 13th. Deutsche Bank AG lowered Union Pacific Corporation from a “buy” rating to a “hold” rating and lowered their price target for the stock from $132.00 to $110.00 in a research report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $118.00 price target (up previously from $112.00) on shares of Union Pacific Corporation in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $113.26.

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Shares of Union Pacific Corporation (NYSE UNP) opened at 113.95 on Friday. The firm’s 50 day moving average price is $109.95 and its 200-day moving average price is $108.16. The company has a market capitalization of $91.20 billion, a P/E ratio of 20.67 and a beta of 0.84. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93.

Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts expect that Union Pacific Corporation will post $5.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, August 31st were paid a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Tuesday, August 29th. Union Pacific Corporation’s payout ratio is 43.84%.

Union Pacific Corporation Profile

Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.

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

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