Atlantic Union Bankshares Corp Lowers Stock Position in Union Pacific Co. (NYSE:UNP)

Atlantic Union Bankshares Corp reduced its position in Union Pacific Co. (NYSE:UNP) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,296 shares of the railroad operator’s stock after selling 226 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Union Pacific were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNP. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Union Pacific during the third quarter worth approximately $252,000. Mather Group LLC. increased its holdings in Union Pacific by 14.6% in the 3rd quarter. Mather Group LLC. now owns 2,834 shares of the railroad operator’s stock valued at $577,000 after purchasing an additional 362 shares in the last quarter. Trexquant Investment LP purchased a new position in Union Pacific in the third quarter valued at about $6,807,000. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Union Pacific by 8.9% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 51,850 shares of the railroad operator’s stock worth $10,558,000 after purchasing an additional 4,232 shares in the last quarter. Finally, Morningstar Investment Services LLC purchased a new stake in shares of Union Pacific in the third quarter worth about $235,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP opened at $226.27 on Friday. The firm has a fifty day moving average of $233.31 and a 200-day moving average of $240.24. The company has a market cap of $138.05 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.76 and a current ratio of 0.93. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping the consensus estimate of $2.50 by $0.19. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a net margin of 26.52% and a return on equity of 44.34%. Union Pacific’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. As a group, equities analysts anticipate that Union Pacific Co. will post 11.25 earnings per share for the current year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $1.30 per share. The ex-dividend date was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company started coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target on the stock. Raymond James restated a “strong-buy” rating and issued a $280.00 target price (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price target on shares of Union Pacific from $237.00 to $243.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Stifel Nicolaus upgraded Union Pacific from a “hold” rating to a “buy” rating and raised their target price for the company from $248.00 to $267.00 in a research note on Friday, May 3rd. Finally, Susquehanna reduced their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $258.92.

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.