Truist Financial Corp Increases Stake in Union Pacific Co. (NYSE:UNP)

Truist Financial Corp increased its holdings in Union Pacific Co. (NYSE:UNP) by 0.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 942,161 shares of the railroad operator’s stock after acquiring an additional 101 shares during the quarter. Truist Financial Corp’s holdings in Union Pacific were worth $214,850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Compass Financial Services Inc purchased a new stake in shares of Union Pacific in the 4th quarter worth approximately $25,000. Synergy Asset Management LLC bought a new position in Union Pacific in the fourth quarter worth approximately $29,000. Catalyst Capital Advisors LLC purchased a new stake in Union Pacific during the third quarter worth $30,000. Dunhill Financial LLC boosted its position in Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after acquiring an additional 68 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of Union Pacific in the 3rd quarter valued at $32,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

UNP opened at $249.27 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The firm has a 50 day moving average of $236.34 and a two-hundred day moving average of $240.41. The firm has a market capitalization of $151.12 billion, a PE ratio of 22.48, a P/E/G ratio of 2.11 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same quarter in the previous year, the firm earned $2.71 earnings per share. On average, analysts anticipate that Union Pacific Co. will post 12.01 EPS for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $1.34 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 48.33%.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the transaction, the president now directly owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig V. Richardson sold 6,495 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the sale, the executive vice president now directly owns 26,319 shares in the company, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UNP shares. Royal Bank of Canada dropped their price objective on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Guggenheim raised their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Raymond James reaffirmed a “strong-buy” rating and issued a $285.00 price target (up from $265.00) on shares of Union Pacific in a report on Friday, January 24th. Finally, Benchmark upped their price target on Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.40.

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.