Lakeridge Wealth Management LLC Sells 1,283 Shares of Union Pacific Co. (NYSE:UNP)

Lakeridge Wealth Management LLC decreased its position in Union Pacific Co. (NYSE:UNP - Free Report) by 43.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,703 shares of the railroad operator's stock after selling 1,283 shares during the quarter. Lakeridge Wealth Management LLC's holdings in Union Pacific were worth $402,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Allred Capital Management LLC increased its stake in Union Pacific by 0.5% in the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after acquiring an additional 40 shares during the last quarter. Palogic Value Management L.P. increased its stake in Union Pacific by 1.5% in the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock worth $644,000 after acquiring an additional 42 shares during the last quarter. Mystic Asset Management Inc. increased its stake in Union Pacific by 2.0% in the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock worth $527,000 after acquiring an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its position in shares of Union Pacific by 38.8% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after purchasing an additional 45 shares during the last quarter. Finally, Ironwood Investment Counsel LLC increased its position in shares of Union Pacific by 1.3% during the 4th quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator's stock valued at $789,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 1.0%

Shares of UNP traded down $2.32 on Friday, reaching $223.17. The stock had a trading volume of 1,670,100 shares, compared to its average volume of 2,682,977. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. 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 firm has a market capitalization of $133.34 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a 50-day simple moving average of $220.90 and a 200-day simple moving average of $231.64.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.69 EPS. Sell-side analysts predict that Union Pacific Co. will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, May 30th. Union Pacific's payout ratio is 48.29%.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Stifel Nicolaus reduced their price objective on Union Pacific from $270.00 to $248.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group reduced their price target on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Susquehanna reduced their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Raymond James restated a "strong-buy" rating on shares of Union Pacific in a research report on Friday, April 25th. Finally, Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target on the stock in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $257.74.

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.