Truist Financial Corp Grows Stock Holdings in Union Pacific Corporation (NYSE:UNP)

Truist Financial Corp boosted its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 968,061 shares of the railroad operator's stock after acquiring an additional 25,900 shares during the period. Truist Financial Corp owned 0.16% of Union Pacific worth $228,695,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in UNP. Highline Wealth Partners LLC boosted its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. EnRich Financial Partners LLC bought a new stake in shares of Union Pacific during the 4th quarter valued at about $31,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at about $60,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Union Pacific by 223.2% during the 4th quarter. Meeder Asset Management Inc. now owns 307 shares of the railroad operator's stock valued at $70,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.3%

Union Pacific stock traded down $0.72 during trading hours on Friday, hitting $236.45. The stock had a trading volume of 1,327,641 shares, compared to its average volume of 2,723,651. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $141.27 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The stock's 50-day moving average price is $224.00 and its 200-day moving average price is $230.79.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $2.69 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $1.34 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.36 annualized dividend and a yield of 2.27%. Union Pacific's dividend payout ratio (DPR) is presently 48.29%.

Analyst Upgrades and Downgrades

UNP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a research note on Friday, March 7th. They set a "buy" rating and a $295.00 target price on the stock. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday. They set a "neutral" rating and a $231.00 target price on the stock. Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and cut their target price for the company from $260.00 to $244.00 in a research note on Tuesday, April 8th. Wells Fargo & Company cut their target price on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.91.

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.