Atlantic Union Bankshares Corp Has $1.14 Million Stake in Union Pacific Co. (NYSE:UNP)

Atlantic Union Bankshares Corp trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,547 shares of the railroad operator’s stock after selling 150 shares during the period. Atlantic Union Bankshares Corp’s holdings in Union Pacific were worth $1,135,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UNP. MAS Advisors LLC bought a new position in Union Pacific in the first quarter valued at $233,000. Roundview Capital LLC grew its position in Union Pacific by 3.8% in the first quarter. Roundview Capital LLC now owns 16,608 shares of the railroad operator’s stock valued at $4,537,000 after purchasing an additional 614 shares in the last quarter. Dakota Wealth Management bought a new position in Union Pacific in the first quarter valued at $569,000. Candriam Luxembourg S.C.A. grew its position in Union Pacific by 3.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 47,144 shares of the railroad operator’s stock valued at $12,880,000 after purchasing an additional 1,664 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of Union Pacific by 10.1% in the 1st quarter. Mather Group LLC. now owns 1,745 shares of the railroad operator’s stock valued at $477,000 after acquiring an additional 160 shares during the period. Institutional investors own 77.36% of the company’s stock.

Insider Activity

In related news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the sale, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at approximately $9,355,628.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total transaction of $222,830.00. Following the sale, the chief financial officer now directly owns 99,378 shares in the company, valued at $22,144,399.74. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $213.02 on Tuesday. The firm has a 50 day moving average of $220.88 and a 200-day moving average of $206.44. The stock has a market capitalization of $129.83 billion, a PE ratio of 19.44, a PEG ratio of 2.03 and a beta of 1.11. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 2.39. Union Pacific Co. has a 12 month low of $183.69 and a 12 month high of $240.48.

Union Pacific (NYSE:UNP) last issued its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.18). The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. Union Pacific’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 earnings per share. On average, equities research analysts predict that Union Pacific Co. will post 10.5 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 30th. Union Pacific’s payout ratio is presently 47.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UNP shares. Barclays lifted their price objective on shares of Union Pacific from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. StockNews.com started coverage on shares of Union Pacific in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America lifted their price objective on shares of Union Pacific from $237.00 to $265.00 in a research report on Thursday, July 27th. Raymond James lifted their price objective on shares of Union Pacific from $230.00 to $270.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank of Canada raised shares of Union Pacific from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $193.00 to $282.00 in a research report on Wednesday, July 26th. Twelve investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.97.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.