Union Pacific Corporation (NYSE:UNP) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 968,061 shares of the railroad operator's stock after acquiring an additional 25,900 shares during the quarter. Truist Financial Corp owned 0.16% of Union Pacific worth $228,695,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNP. Norges Bank acquired a new stake in Union Pacific in the fourth quarter worth about $1,927,377,000. GAMMA Investing LLC raised its stake in shares of Union Pacific by 27,502.8% in the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock worth $588,510,000 after purchasing an additional 2,482,126 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock worth $1,133,053,000 after purchasing an additional 1,294,643 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

UNP traded down $0.72 during trading on Friday, hitting $236.45. The company's stock had a trading volume of 1,327,641 shares, compared to its average volume of 2,723,651. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07. The business's fifty day simple moving average is $224.00 and its 200 day simple moving average is $230.83. The firm has a market capitalization of $141.27 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 2.37 and a beta of 1.05.

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

Union Pacific Dividend Announcement

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

Analyst Ratings Changes

UNP has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Union Pacific from $265.00 to $260.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research note on Monday, June 2nd. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective for the company. Finally, Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $256.91.

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.