Edgar Lomax Co. VA Lowers Stake in Union Pacific Corporation $UNP

Edgar Lomax Co. VA cut its stake in Union Pacific Corporation (NYSE:UNP) by 22.5% during the third quarter, HoldingsChannel reports. The firm owned 74,415 shares of the railroad operator’s stock after selling 21,645 shares during the period. Edgar Lomax Co. VA’s holdings in Union Pacific were worth $17,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC bought a new stake in shares of Union Pacific during the third quarter valued at approximately $27,000. Howard Hughes Medical Institute purchased a new position in Union Pacific during the 2nd quarter worth $30,000. Total Investment Management Inc. bought a new stake in Union Pacific during the 2nd quarter valued at $31,000. Financial Gravity Companies Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter worth $31,000. Finally, Sagard Holdings Management Inc. bought a new position in shares of Union Pacific during the 2nd quarter worth $33,000. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. Royal Bank Of Canada set a $280.00 price target on shares of Union Pacific in a report on Thursday, December 18th. The Goldman Sachs Group reiterated a “neutral” rating and set a $267.00 price objective on shares of Union Pacific in a research note on Tuesday, January 27th. Susquehanna reaffirmed a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $295.00 price target on shares of Union Pacific in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $260.14.

Union Pacific Stock Performance

Shares of UNP opened at $260.04 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 1.64. The firm has a market cap of $154.31 billion, a PE ratio of 21.72, a P/E/G ratio of 2.91 and a beta of 0.95. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $268.14. The stock has a fifty day moving average price of $244.48 and a 200-day moving average price of $232.70.

Union Pacific (NYSE:UNP) last announced its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($0.06). Union Pacific had a return on equity of 40.89% and a net margin of 29.12%.The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.15 billion. During the same quarter last year, the firm earned $2.91 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Union Pacific’s dividend payout ratio is 46.12%.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.