BROOKFIELD Corp ON Has $174.56 Million Stock Position in Union Pacific Corporation $UNP

Key Points

• BROOKFIELD Corp ON increased its position in Union Pacific Corporation by 15.3%, acquiring an additional 97,794 shares and holding a total of 738,918 shares at the end of the first quarter.
• Union Pacific recently reported $3.03 earnings per share, exceeding estimates, with a year-over-year revenue increase of 2.4%.
• The company announced a quarterly dividend of $1.38, reflecting an improved payout from the previous dividend and a yield of 2.6%.

BROOKFIELD Corp ON lifted its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 15.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 738,918 shares of the railroad operator's stock after acquiring an additional 97,794 shares during the quarter. Union Pacific makes up about 1.0% of BROOKFIELD Corp ON's investment portfolio, making the stock its 17th largest position. BROOKFIELD Corp ON owned approximately 0.12% of Union Pacific worth $174,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Highline Wealth Partners LLC grew its stake in shares of Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC grew its stake in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC acquired a new position in Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its stake in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

NYSE:UNP traded up $1.27 on Monday, hitting $216.18. The company's stock had a trading volume of 4,483,833 shares, compared to its average volume of 3,484,925. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a fifty day moving average of $224.46 and a two-hundred day moving average of $225.79. The firm has a market capitalization of $128.20 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.74 earnings per share. Research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $1.38 dividend. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UNP shares. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Robert W. Baird started coverage on Union Pacific in a research report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price objective for the company. Susquehanna reduced their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research report on Wednesday, July 30th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Morgan Stanley reduced their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $258.25.

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.