Brasada Capital Management LP Has $5.19 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Brasada Capital Management LP has significantly reduced its stake in Union Pacific Corporation by 54.0%, now holding 21,979 shares valued at approximately $5.2 million.
• Several analysts have upgraded their price targets for Union Pacific, with BMO Capital Markets increasing it to $277 and Jefferies Financial Group raising it to $285, reflecting positive sentiment about the company's future performance.
• Union Pacific recently announced a quarterly dividend of $1.38 per share, up from its previous dividend, which indicates a commitment to returning value to shareholders.

Brasada Capital Management LP trimmed its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 54.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,979 shares of the railroad operator's stock after selling 25,785 shares during the period. Brasada Capital Management LP's holdings in Union Pacific were worth $5,192,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Highline Wealth Partners LLC lifted its stake in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific during the 1st quarter worth approximately $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in shares of Union Pacific in the 1st quarter valued at $43,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI decreased their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research report on Wednesday, July 30th. BMO Capital Markets increased their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup cut shares of Union Pacific from a "strong-buy" rating to a "hold" rating and cut their target price for the stock from $270.00 to $250.00 in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Trading Down 0.2%

Shares of UNP traded down $0.49 during mid-day trading on Wednesday, reaching $221.50. The company's stock had a trading volume of 4,331,086 shares, compared to its average volume of 3,434,876. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The stock has a market cap of $131.36 billion, a PE ratio of 19.24, a P/E/G ratio of 2.17 and a beta of 1.03. The company's fifty day moving average price is $226.86 and its two-hundred day moving average price is $227.52.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.5%. Union Pacific's dividend payout ratio is 47.96%.

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.