Union Pacific Co. (NYSE:UNP) Stake Lessened by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 920,360 shares of the railroad operator’s stock after selling 24,563 shares during the quarter. Truist Financial Corp owned about 0.15% of Union Pacific worth $226,059,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Clearbridge Investments LLC grew its stake in shares of Union Pacific by 108.9% in the 3rd quarter. Clearbridge Investments LLC now owns 4,128,575 shares of the railroad operator’s stock worth $840,702,000 after purchasing an additional 2,151,893 shares during the last quarter. FMR LLC grew its position in Union Pacific by 62.8% in the third quarter. FMR LLC now owns 5,496,708 shares of the railroad operator’s stock worth $1,119,295,000 after buying an additional 2,119,382 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Union Pacific by 65.5% in the third quarter. The Manufacturers Life Insurance Company now owns 2,348,496 shares of the railroad operator’s stock valued at $478,224,000 after buying an additional 929,495 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Union Pacific by 331.7% during the 4th quarter. Cerity Partners LLC now owns 1,143,298 shares of the railroad operator’s stock valued at $280,817,000 after acquiring an additional 878,490 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Union Pacific by 20,736.8% during the 4th quarter. International Assets Investment Management LLC now owns 803,677 shares of the railroad operator’s stock worth $197,399,000 after acquiring an additional 799,820 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,750 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $250.00, for a total value of $937,500.00. Following the completion of the sale, the president now directly owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by insiders.

Union Pacific Stock Down 0.3 %

UNP traded down $0.71 during trading on Friday, reaching $242.84. 2,255,450 shares of the stock traded hands, compared to its average volume of 2,333,368. The stock’s 50-day simple moving average is $244.27 and its two-hundred day simple moving average is $234.95. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.81 and a quick ratio of 0.67. Union Pacific Co. has a fifty-two week low of $190.45 and a fifty-two week high of $258.66. The stock has a market cap of $148.16 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a return on equity of 46.87% and a net margin of 26.45%. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same period last year, the business earned $2.67 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities research analysts expect that Union Pacific Co. will post 11.01 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 29th were paid a dividend of $1.30 per share. The ex-dividend date was Wednesday, February 28th. This represents a $5.20 annualized dividend and a dividend yield of 2.14%. Union Pacific’s dividend payout ratio (DPR) is 49.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UNP shares. The Goldman Sachs Group boosted their target price on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Raymond James reiterated a “strong-buy” rating and issued a $280.00 target price (up from $275.00) on shares of Union Pacific in a report on Friday. Susquehanna boosted their price target on shares of Union Pacific from $255.00 to $270.00 and gave the company a “neutral” rating in a report on Friday. Finally, TD Cowen raised their price objective on shares of Union Pacific from $252.00 to $258.00 and gave the stock a “buy” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.78.

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.