DRH Investments Inc. Sells 11,576 Shares of Union Pacific Co. (NYSE:UNP)

DRH Investments Inc. trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,418 shares of the railroad operator’s stock after selling 11,576 shares during the period. Union Pacific comprises about 10.6% of DRH Investments Inc.’s holdings, making the stock its 4th largest position. DRH Investments Inc.’s holdings in Union Pacific were worth $9,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Compass Financial Services Inc bought a new position in Union Pacific during the 4th quarter valued at $25,000. Synergy Asset Management LLC purchased a new stake in shares of Union Pacific in the fourth quarter valued at about $29,000. EnRich Financial Partners LLC bought a new position in shares of Union Pacific during the fourth quarter valued at about $31,000. PrairieView Partners LLC bought a new position in shares of Union Pacific during the fourth quarter valued at about $34,000. Finally, Kentucky Trust Co purchased a new position in Union Pacific during the fourth quarter worth about $40,000. 80.38% of the stock is owned by institutional investors.

Insider Transactions at Union Pacific

In other news, EVP Craig V. Richardson sold 6,495 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the completion of the transaction, the executive vice president now owns 26,319 shares of the company’s stock, valued at approximately $6,632,388. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,875,000.00. Following the completion of the sale, the president now directly owns 64,960 shares in the company, valued at $16,240,000. This represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Stifel Nicolaus lifted their price target on Union Pacific from $253.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Jefferies Financial Group reduced their price objective on Union Pacific from $255.00 to $230.00 and set a “hold” rating for the company in a research note on Wednesday. Raymond James reiterated a “strong-buy” rating and set a $285.00 target price (up from $265.00) on shares of Union Pacific in a research note on Friday, January 24th. Finally, Susquehanna reduced their price target on shares of Union Pacific from $265.00 to $255.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.32.

Union Pacific Stock Performance

Shares of UNP opened at $219.16 on Friday. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The stock’s 50-day simple moving average is $237.98 and its 200 day simple moving average is $237.47. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.62 and a current ratio of 0.77. The stock has a market capitalization of $131.34 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.15. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. During the same period in the prior year, the business earned $2.71 EPS. Research analysts forecast that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.45%. Union Pacific’s dividend payout ratio (DPR) is currently 48.33%.

Union Pacific 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.