Atlantic Union Bankshares Corp Acquires 31,634 Shares of Union Pacific Corporation $UNP

Atlantic Union Bankshares Corp boosted its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 183.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,864 shares of the railroad operator’s stock after purchasing an additional 31,634 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Union Pacific were worth $11,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UNP. CBIZ Investment Advisory Services LLC raised its stake in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Union Pacific in the 1st quarter worth approximately $32,000. Access Investment Management LLC bought a new stake in Union Pacific in the 2nd quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in Union Pacific in the 1st quarter worth approximately $33,000. Finally, Cornerstone Planning Group LLC increased its stake in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $217.47 on Thursday. The stock has a market cap of $128.99 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The stock has a 50 day moving average price of $224.18 and a 200-day moving average price of $224.32. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 EPS. Equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on UNP shares. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Sanford C. Bernstein lifted their price objective on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $261.63.

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.