Truist Financial Corp Raises Stock Holdings in Union Pacific Corporation $UNP

Truist Financial Corp increased its position in Union Pacific Corporation (NYSE:UNP) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 974,913 shares of the railroad operator’s stock after buying an additional 6,852 shares during the quarter. Truist Financial Corp owned 0.16% of Union Pacific worth $224,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Union Pacific by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after buying an additional 354,463 shares during the period. Royal Bank of Canada increased its stake in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after buying an additional 86,292 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after buying an additional 452,788 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Union Pacific in the first quarter worth $988,822,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on UNP shares. UBS Group lifted their target price on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Morgan Stanley dropped their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Finally, Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $260.00.

Union Pacific Stock Performance

Shares of UNP stock opened at $236.40 on Wednesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a market cap of $140.19 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company’s fifty day moving average price is $223.07 and its 200-day moving average price is $224.54.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the business posted $2.74 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

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.