Atlantic Union Bankshares Corp Sells 1,056 Shares of Union Pacific Co. (NYSE:UNP)

Atlantic Union Bankshares Corp reduced its stake in Union Pacific Co. (NYSE:UNP) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,094 shares of the railroad operator’s stock after selling 1,056 shares during the period. Atlantic Union Bankshares Corp’s holdings in Union Pacific were worth $4,953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shellback Capital LP boosted its position in shares of Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS bought a new position in shares of Union Pacific in the 3rd quarter worth $834,000. Maj Invest Holding A S boosted its position in shares of Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares during the last quarter. Radnor Capital Management LLC bought a new position in shares of Union Pacific in the 3rd quarter worth $2,923,000. Finally, Signature Estate & Investment Advisors LLC boosted its position in shares of Union Pacific by 190.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock worth $1,092,000 after purchasing an additional 2,905 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Price Performance

NYSE:UNP opened at $245.23 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock’s 50-day simple moving average is $240.13 and its 200 day simple moving average is $238.56. The company has a market cap of $148.67 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.43 and a beta of 1.06. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The company had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.51 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.19%. Union Pacific’s dividend payout ratio is currently 49.22%.

Analyst Ratings Changes

Several research firms have weighed in on UNP. Raymond James lifted their target price on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a report on Monday, October 14th. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a report on Friday, October 25th. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

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.