BROOKFIELD Corp ON Buys Shares of 641,124 Union Pacific Co. (NYSE:UNP)

BROOKFIELD Corp ON acquired a new stake in shares of Union Pacific Co. (NYSE:UNP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 641,124 shares of the railroad operator's stock, valued at approximately $146,202,000. Union Pacific makes up 0.9% of BROOKFIELD Corp ON's holdings, making the stock its 18th biggest position. BROOKFIELD Corp ON owned approximately 0.11% of Union Pacific as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Union Pacific during the 4th quarter valued at about $1,927,377,000. Raymond James Financial Inc. bought a new position in shares of Union Pacific during the fourth quarter valued at approximately $1,035,905,000. Geode Capital Management LLC increased its holdings in Union Pacific by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after buying an additional 1,616,895 shares during the period. Capital Research Global Investors raised its stake in Union Pacific by 14.3% in the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after buying an additional 1,298,178 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new stake in Union Pacific during the fourth quarter worth $273,361,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

NYSE:UNP traded down $0.64 during trading hours on Friday, hitting $216.20. 2,172,909 shares of the stock were exchanged, compared to its average volume of 2,607,691. The company has a market cap of $129.17 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.15 and a beta of 1.07. The firm's fifty day moving average price is $226.17 and its 200 day moving average price is $233.96. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same quarter in the previous year, the business posted $2.69 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.48%. Union Pacific's payout ratio is 48.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNP. Susquehanna reduced their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of Union Pacific from $265.00 to $260.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Benchmark raised their target price on shares of Union Pacific from $266.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 24th. TD Cowen upped their price target on Union Pacific from $245.00 to $258.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Stephens lowered their price objective on Union Pacific from $275.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.86.

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.