DRH Investments Inc. Sells 2,173 Shares of Union Pacific Co. (NYSE:UNP)

DRH Investments Inc. lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 4.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,571 shares of the railroad operator’s stock after selling 2,173 shares during the period. Union Pacific comprises 12.9% of DRH Investments Inc.’s investment portfolio, making the stock its 4th biggest holding. DRH Investments Inc.’s holdings in Union Pacific were worth $11,895,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Capital Research Global Investors raised its position in shares of Union Pacific by 7.6% during the 1st quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after acquiring an additional 518,985 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Union Pacific by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock worth $1,438,417,000 after purchasing an additional 113,946 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after buying an additional 237,083 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Union Pacific by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock valued at $954,530,000 after buying an additional 322,129 shares in the last quarter. Finally, Capital World Investors raised its stake in Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after acquiring an additional 1,073,625 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Price Performance

Union Pacific stock opened at $245.39 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The company has a market cap of $149.49 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The business has a fifty day moving average of $245.45 and a two-hundred day moving average of $239.17.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, analysts predict that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

Analyst Ratings Changes

Several equities analysts have issued reports on UNP shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Union Pacific in a report on Friday. Sanford C. Bernstein cut their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. TD Cowen cut their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.79.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Union Pacific Company Profile

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.