Wedgewood Investors Inc. PA Lowers Holdings in Union Pacific Co. (NYSE:UNP)

Wedgewood Investors Inc. PA lowered its holdings in Union Pacific Co. (NYSE:UNP) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,837 shares of the railroad operator’s stock after selling 350 shares during the period. Union Pacific makes up about 4.1% of Wedgewood Investors Inc. PA’s holdings, making the stock its 3rd biggest position. Wedgewood Investors Inc. PA’s holdings in Union Pacific were worth $2,724,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Your Advocates Ltd. LLP increased its holdings in Union Pacific by 100.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 120 shares of the railroad operator’s stock worth $31,000 after acquiring an additional 60 shares during the period. Hoover Financial Advisors Inc. bought a new position in shares of Union Pacific in the 2nd quarter worth $29,000. Evolution Wealth Advisors LLC increased its holdings in shares of Union Pacific by 196.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 187 shares of the railroad operator’s stock worth $37,000 after buying an additional 124 shares during the last quarter. Provident Wealth Management LLC bought a new position in shares of Union Pacific in the 3rd quarter worth $44,000. Finally, Pacific Center for Financial Services bought a new position in shares of Union Pacific in the 2nd quarter worth $45,000. 78.16% of the stock is currently owned by institutional investors and hedge funds.

UNP traded up $4.07 during trading on Monday, hitting $207.51. 111,323 shares of the stock traded hands, compared to its average volume of 3,611,149. The firm has a market capitalization of $137.09 billion, a P/E ratio of 25.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.96 and a quick ratio of 0.84. The firm has a 50-day moving average of $195.36 and a 200 day moving average of $180.96. Union Pacific Co. has a 12-month low of $105.08 and a 12-month high of $210.95.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 22nd. The railroad operator reported $2.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.05). Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter last year, the company posted $2.22 earnings per share. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities analysts predict that Union Pacific Co. will post 7.93 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Monday, November 30th will be issued a $0.97 dividend. The ex-dividend date is Friday, November 27th. This represents a $3.88 annualized dividend and a yield of 1.87%. Union Pacific’s dividend payout ratio (DPR) is presently 46.30%.

A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Union Pacific from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Morgan Stanley increased their price target on shares of Union Pacific from $135.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, October 5th. Barclays increased their price target on shares of Union Pacific from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. The Goldman Sachs Group increased their price target on shares of Union Pacific from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Finally, Robert W. Baird raised shares of Union Pacific from a “neutral” rating to an “outperform” rating and set a $220.00 price target on the stock in a report on Monday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $184.63.

In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $193.79, for a total value of $193,790.00. Following the completion of the transaction, the chief financial officer now directly owns 74,648 shares in the company, valued at approximately $14,466,035.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd M. Rynaski sold 1,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $190.46, for a total transaction of $285,690.00. Following the completion of the transaction, the vice president now owns 10,550 shares of the company’s stock, valued at $2,009,353. The disclosure for this sale can be found here. Insiders sold a total of 7,876 shares of company stock valued at $1,530,542 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products to grain processors, animal feeders, ethanol producers, and other agricultural users; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

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

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