Corebridge Financial Inc. Sells 9,162 Shares of Union Pacific Co. (NYSE:UNP)

Corebridge Financial Inc. lowered its stake in Union Pacific Co. (NYSE:UNP) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,337 shares of the railroad operator’s stock after selling 9,162 shares during the quarter. Corebridge Financial Inc.’s holdings in Union Pacific were worth $31,774,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in Union Pacific in the fourth quarter valued at $25,000. Synergy Asset Management LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at about $29,000. Dunhill Financial LLC increased its position in Union Pacific by 111.5% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock valued at $32,000 after buying an additional 68 shares in the last quarter. PrairieView Partners LLC acquired a new position in Union Pacific during the 4th quarter worth approximately $34,000. Finally, Kentucky Trust Co acquired a new position in Union Pacific during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UNP shares. Wells Fargo & Company decreased their price objective on Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Raymond James restated a “strong-buy” rating and set a $285.00 price target (up previously from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Loop Capital lowered shares of Union Pacific from a “hold” rating to a “sell” rating and dropped their price objective for the company from $265.00 to $200.00 in a research note on Monday, February 3rd. Guggenheim boosted their target price on shares of Union Pacific from $266.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets raised their price target on shares of Union Pacific from $275.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $263.00.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $233.79 on Monday. The company has a market capitalization of $141.28 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company’s 50-day moving average is $242.68 and its 200 day moving average is $239.94. 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 Co. has a fifty-two week low of $218.55 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping 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 period last year, the business earned $2.71 EPS. On average, equities research analysts forecast that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Friday, February 28th. Union Pacific’s dividend payout ratio is currently 48.33%.

About Union Pacific

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.