Morgan Dempsey Capital Management LLC Boosts Stock Position in Union Pacific Corporation $UNP

Morgan Dempsey Capital Management LLC raised its holdings in Union Pacific Corporation (NYSE:UNP) by 33.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,834 shares of the railroad operator’s stock after purchasing an additional 4,447 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Union Pacific were worth $4,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Cambient Family Office LLC bought a new stake in shares of Union Pacific in the fourth quarter valued at $1,319,000. First National Bank of Omaha lifted its position in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator’s stock valued at $12,665,000 after buying an additional 14,399 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Union Pacific during the 4th quarter worth $4,746,000. Sage Investment Advisers LLC bought a new position in shares of Union Pacific during the 4th quarter worth $997,000. Finally, Truist Financial Corp increased its holdings in Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator’s stock worth $235,038,000 after acquiring an additional 30,079 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $293.57 on Friday. The business’s fifty day moving average is $283.00 and its 200 day moving average is $265.13. The firm has a market cap of $174.40 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.99. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.03 EPS. Research analysts predict that Union Pacific Corporation will post 12.93 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Analysts Set New Price Targets

UNP has been the topic of a number of research reports. Evercore restated an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research note on Thursday, June 25th. Barclays reiterated an “overweight” rating and set a $350.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Bank of America lifted their target price on shares of Union Pacific from $301.00 to $334.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $320.89.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.