Truist Financial Corp Sells 24,563 Shares of Union Pacific Co. (NYSE:UNP)

Truist Financial Corp lowered its position in shares of Union Pacific Co. (NYSE:UNP) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 920,360 shares of the railroad operator’s stock after selling 24,563 shares during the period. Truist Financial Corp’s holdings in Union Pacific were worth $226,059,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UNP. BluePath Capital Management LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at $25,000. Valued Wealth Advisors LLC bought a new stake in shares of Union Pacific in the fourth quarter worth about $28,000. Fortitude Family Office LLC bought a new position in shares of Union Pacific during the 4th quarter valued at about $44,000. Hexagon Capital Partners LLC lifted its holdings in shares of Union Pacific by 48.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 309 shares of the railroad operator’s stock valued at $63,000 after purchasing an additional 101 shares in the last quarter. Finally, Legacy Financial Group LLC acquired a new position in shares of Union Pacific in the 3rd quarter valued at approximately $83,000. Institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,750 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $250.00, for a total transaction of $937,500.00. Following the transaction, the president now owns 56,682 shares in the company, valued at $14,170,500. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UNP shares. BMO Capital Markets lifted their price target on shares of Union Pacific from $270.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Jefferies Financial Group began coverage on shares of Union Pacific in a research note on Monday, April 8th. They issued a “hold” rating and a $250.00 target price for the company. StockNews.com raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Friday. The Goldman Sachs Group upped their price objective on Union Pacific from $248.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, UBS Group lifted their target price on Union Pacific from $235.00 to $248.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.78.

Union Pacific Stock Performance

UNP stock traded down $0.71 during trading hours on Friday, reaching $242.84. The stock had a trading volume of 2,255,450 shares, compared to its average volume of 2,333,368. 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 capitalization of $148.16 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The stock has a 50-day simple moving average of $244.27 and a 200 day simple moving average of $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 (NYSE:UNP) last released its quarterly earnings data on Thursday, April 25th. The railroad operator reported $2.69 EPS for the quarter, topping analysts’ consensus estimates 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 26.45% and a return on equity of 46.87%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.67 earnings per share. Analysts predict that Union Pacific Co. will post 11.01 EPS for the current fiscal year.

Union Pacific Dividend Announcement

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

Union Pacific 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.