SouthState Corp Sells 91 Shares of Union Pacific Co. (NYSE:UNP)

SouthState Corp decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,660 shares of the railroad operator’s stock after selling 91 shares during the quarter. SouthState Corp’s holdings in Union Pacific were worth $11,553,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $25,000. Synergy Asset Management LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $29,000. Peterson Financial Group Inc. acquired a new stake in shares of Union Pacific during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC grew its position in shares of Union Pacific by 111.5% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after buying an additional 68 shares during the period. Finally, PrairieView Partners LLC acquired a new stake in shares of Union Pacific during the 4th quarter worth approximately $34,000. Institutional investors own 80.38% of the company’s stock.

Insider Transactions at Union Pacific

In related news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total value of $1,636,740.00. Following the sale, the executive vice president now directly owns 26,319 shares in the company, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $250.00, for a total value of $1,875,000.00. Following the completion of the sale, the president now 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 disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on UNP shares. Citigroup raised their price objective on shares of Union Pacific from $254.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Union Pacific in a research report on Friday, March 7th. They issued a “buy” rating and a $295.00 price target for the company. TD Cowen lifted their price target on shares of Union Pacific from $245.00 to $258.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Benchmark lifted their price target on shares of Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on shares of Union Pacific from $267.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Union Pacific Trading Up 1.5 %

NYSE UNP opened at $237.71 on Monday. The stock has a market capitalization of $143.65 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.15 and a beta of 1.05. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.07. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.77 and a quick ratio of 0.62. The business’s fifty day moving average is $242.05 and its 200-day moving average is $240.62.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, January 23rd. The railroad operator reported $2.91 EPS for the quarter, topping 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 in the previous year, the business posted $2.71 EPS. Equities research analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, February 28th. Union Pacific’s payout ratio is 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.