Morgan Dempsey Capital Management LLC Buys 4,447 Shares of Union Pacific Corporation $UNP

Key Points

• Morgan Dempsey Capital Management increased its Union Pacific stake by 33.2% in the second quarter, buying 4,447 shares and bringing its holdings to 17,834 shares valued at approximately $4.85 million.
• Union Pacific reported strong quarterly results, with EPS of $3.41 beating estimates and revenue rising 11.5% year over year to $6.86 billion. The company also raised its quarterly dividend to $1.42 per share, equivalent to a 1.9% yield.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $320.89, compared with the stock’s recent opening price of $293.57.

Morgan Dempsey Capital Management LLC increased its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 33.2% in the 2nd quarter, according to the company in 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 buying an additional 4,447 shares during the period. Morgan Dempsey Capital Management LLC's holdings in Union Pacific were worth $4,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rachor Investment Advisory Services LLC bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $25,000. Tucker Asset Management LLC acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $25,000. SWAN Capital LLC lifted its holdings in shares of Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock worth $25,000 after purchasing an additional 103 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of Union Pacific in the 4th quarter worth $26,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Union Pacific in the 4th quarter valued at $27,000. 80.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

UNP has been the subject of a number of recent research reports. Robert W. Baird boosted their price target on shares of Union Pacific from $311.00 to $344.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Stephens raised shares of Union Pacific to a "strong-buy" rating in a research note on Wednesday, July 8th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the company a "neutral" rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Union Pacific from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Finally, UBS Group reissued a "neutral" rating and set a $310.00 target price (up from $286.00) on shares of Union Pacific in a research report on Friday, July 24th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $320.89.

Union Pacific Trading Down 1.4%

Shares of Union Pacific stock opened at $293.57 on Friday. The company has a market capitalization of $174.40 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 3.00 and a beta of 0.96. The stock has a fifty day simple moving average of $283.00 and a 200 day simple moving average of $265.13. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the firm earned $3.03 EPS. The business's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Union Pacific Corporation will post 12.93 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific's dividend payout ratio is presently 44.70%.

Union Pacific Company 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.

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