Union Pacific Co. (NYSE:UNP) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its holdings in Union Pacific Co. (NYSE:UNP) by 0.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 930,747 shares of the railroad operator’s stock after purchasing an additional 7,023 shares during the period. Truist Financial Corp owned approximately 0.15% of Union Pacific worth $210,591,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UNP. Old North State Trust LLC increased its position in shares of Union Pacific by 2.3% during the second quarter. Old North State Trust LLC now owns 3,170 shares of the railroad operator’s stock worth $717,000 after acquiring an additional 72 shares during the period. EP Wealth Advisors LLC grew its stake in Union Pacific by 3.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 203,750 shares of the railroad operator’s stock worth $46,100,000 after purchasing an additional 5,992 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in Union Pacific during the 2nd quarter worth about $23,826,000. Regal Investment Advisors LLC raised its position in Union Pacific by 10.2% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,691 shares of the railroad operator’s stock valued at $383,000 after purchasing an additional 156 shares in the last quarter. Finally, Coastal Bridge Advisors LLC boosted its stake in shares of Union Pacific by 4.7% in the 2nd quarter. Coastal Bridge Advisors LLC now owns 3,371 shares of the railroad operator’s stock valued at $763,000 after buying an additional 152 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UNP. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reduced their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Sanford C. Bernstein decreased their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company started coverage on Union Pacific in a research note on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific Price Performance

Shares of UNP opened at $246.48 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The firm has a 50-day simple moving average of $245.87 and a 200-day simple moving average of $238.82. The company has a market capitalization of $150.16 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the business posted $2.57 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $1.34 per share. The ex-dividend date was Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.17%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is presently 51.15%.

Union Pacific Company Profile

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.