Atlantic Union Bankshares Corp Has $4.03 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Atlantic Union Bankshares Corp cut its position in shares of Union Pacific Co. (NYSE:UNP - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,667 shares of the railroad operator's stock after selling 2,427 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Union Pacific were worth $4,029,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. World Investment Advisors LLC boosted its holdings in Union Pacific by 103.1% during the third quarter. World Investment Advisors LLC now owns 35,581 shares of the railroad operator's stock valued at $8,770,000 after purchasing an additional 18,060 shares in the last quarter. abrdn plc boosted its holdings in Union Pacific by 9.3% during the fourth quarter. abrdn plc now owns 415,874 shares of the railroad operator's stock valued at $94,588,000 after purchasing an additional 35,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Union Pacific by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 179,925 shares of the railroad operator's stock valued at $44,348,000 after purchasing an additional 4,939 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in Union Pacific by 24.2% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 277,267 shares of the railroad operator's stock valued at $63,185,000 after purchasing an additional 53,946 shares in the last quarter. Finally, Pensionfund Sabic boosted its holdings in Union Pacific by 61.5% during the fourth quarter. Pensionfund Sabic now owns 10,500 shares of the railroad operator's stock valued at $2,394,000 after purchasing an additional 4,000 shares in the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a report on Wednesday, November 13th. Wells Fargo & Company cut their target price 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. BMO Capital Markets lifted their target price on shares of Union Pacific from $275.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Raymond James reiterated a "strong-buy" rating and issued a $285.00 target price (up previously from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Finally, Benchmark lifted their target price on shares of Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and a consensus target price of $263.00.

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Union Pacific Stock Performance

Shares of Union Pacific stock opened at $249.84 on Friday. The firm has a fifty day moving average of $241.04 and a two-hundred day moving average of $241.02. The stock has a market capitalization of $150.98 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.07. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating 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 business posted $2.71 earnings per share. As a group, equities research analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The company also recently declared 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. This represents a $5.36 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, February 28th. Union Pacific's dividend payout ratio (DPR) is 48.33%.

Insider Activity

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

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.

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