Wedbush Securities Inc. Has $3.42 Million Holdings in Union Pacific Corporation $UNP

Wedbush Securities Inc. lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,878 shares of the railroad operator’s stock after selling 243 shares during the quarter. Wedbush Securities Inc.’s holdings in Union Pacific were worth $3,423,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UNP. CBIZ Investment Advisory Services LLC raised its position in shares of 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 period. Financial Gravity Asset Management Inc. bought a new stake in shares of Union Pacific during the 1st quarter worth $32,000. Access Investment Management LLC acquired a new position in Union Pacific in the 2nd quarter valued at $32,000. WPG Advisers LLC acquired a new position in Union Pacific in the 1st quarter valued at $33,000. Finally, GFG Capital LLC bought a new position in Union Pacific in the 2nd quarter worth $38,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UNP. TD Cowen decreased their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Wells Fargo & Company increased their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Finally, BMO Capital Markets dropped their price target on Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Stock Up 1.7%

NYSE UNP opened at $221.65 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The stock has a market cap of $131.47 billion, a PE ratio of 18.83, a PEG ratio of 2.27 and a beta of 1.04. The firm has a 50-day simple moving average of $224.06 and a 200 day simple moving average of $224.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75.

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

Union Pacific Company 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.