Corebridge Financial Inc. Has $31.77 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Corebridge Financial Inc. reduced its position in Union Pacific Co. (NYSE:UNP) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 139,337 shares of the railroad operator’s stock after selling 9,162 shares during the period. Corebridge Financial Inc.’s holdings in Union Pacific were worth $31,774,000 as of its most recent filing with the SEC.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UNP. BMO Capital Markets upped their price target 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. Citigroup upped their target price on Union Pacific from $254.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. TD Cowen lifted their price target on Union Pacific from $245.00 to $258.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Benchmark upped their price objective on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Stifel Nicolaus increased their price objective on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average price target of $263.00.

Union Pacific Stock Down 0.4 %

Shares of UNP opened at $233.79 on Monday. The stock has a market capitalization of $141.28 billion, a price-to-earnings ratio of 21.08, 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. The stock has a fifty day moving average of $242.68 and a 200-day moving average of $239.94.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. During the same quarter last year, the business earned $2.71 EPS. As a group, sell-side analysts anticipate that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s dividend payout ratio (DPR) is currently 48.33%.

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.