World Equity Group Inc. Has $377,000 Position in Union Pacific Corporation (NYSE:UNP)

World Equity Group Inc. lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 53.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,592 shares of the railroad operator's stock after selling 1,838 shares during the quarter. World Equity Group Inc.'s holdings in Union Pacific were worth $377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Norges Bank acquired a new position in Union Pacific in the 4th quarter valued at $1,927,377,000. Raymond James Financial Inc. acquired a new position in Union Pacific during the 4th quarter worth $1,035,905,000. GAMMA Investing LLC boosted its holdings in Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock valued at $588,510,000 after acquiring an additional 2,482,126 shares during the period. Geode Capital Management LLC grew its position in shares of Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on UNP shares. Susquehanna decreased their target price on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Argus upgraded shares of Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $260.00 to $244.00 in a research report on Tuesday, April 8th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a report on Friday, April 25th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $257.74.

Union Pacific Stock Up 0.2%

Shares of NYSE UNP opened at $222.35 on Friday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.61 and a current ratio of 0.73. The business has a fifty day moving average of $221.26 and a two-hundred day moving average of $230.91. The stock has a market cap of $132.85 billion, a PE ratio of 20.03, a PEG ratio of 2.23 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the prior year, the business earned $2.69 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

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.

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Corporation (NYSE:UNP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.