Union Pacific Corporation $UNP Stock Position Cut by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA cut its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,257 shares of the railroad operator’s stock after selling 121 shares during the period. Union Pacific accounts for 2.7% of Wedgewood Investors Inc. PA’s holdings, making the stock its 8th biggest position. Wedgewood Investors Inc. PA’s holdings in Union Pacific were worth $2,360,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Union Pacific by 16.8% during the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after acquiring an additional 1,520 shares during the period. Exchange Traded Concepts LLC raised its position in Union Pacific by 83.3% during the first quarter. Exchange Traded Concepts LLC now owns 792 shares of the railroad operator’s stock worth $187,000 after acquiring an additional 360 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Union Pacific by 1.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,018 shares of the railroad operator’s stock worth $16,305,000 after acquiring an additional 934 shares during the period. Continuum Advisory LLC raised its position in Union Pacific by 10.1% during the first quarter. Continuum Advisory LLC now owns 579 shares of the railroad operator’s stock worth $137,000 after acquiring an additional 53 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in Union Pacific by 2.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 28,492 shares of the railroad operator’s stock worth $6,731,000 after acquiring an additional 769 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UNP has been the subject of a number of research analyst reports. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their price objective for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Royal Bank Of Canada upped their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Citigroup reiterated a “buy” rating and issued a $263.00 target price (up from $251.00) on shares of Union Pacific in a research report on Monday, October 13th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.58.

Union Pacific Stock Down 0.4%

Shares of NYSE:UNP opened at $226.50 on Wednesday. The firm’s 50 day moving average price is $225.02 and its 200 day moving average price is $224.14. The stock has a market cap of $134.34 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.36 and a beta of 1.07. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.74 earnings per share. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

About Union Pacific

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.