Tenere Capital LLC Acquires 20,600 Shares of Union Pacific Co. (NYSE:UNP)

Tenere Capital LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 53.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,029 shares of the railroad operator’s stock after purchasing an additional 20,600 shares during the quarter. Union Pacific makes up 3.6% of Tenere Capital LLC’s investment portfolio, making the stock its 15th largest holding. Tenere Capital LLC’s holdings in Union Pacific were worth $13,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently 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 purchasing an additional 40 shares in the last quarter. Palogic Value Management L.P. boosted its holdings in shares of Union Pacific by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock worth $644,000 after buying an additional 42 shares during the period. Roble Belko & Company Inc increased its position in shares of Union Pacific by 26.8% in the fourth quarter. Roble Belko & Company Inc now owns 213 shares of the railroad operator’s stock worth $49,000 after acquiring an additional 45 shares in the last quarter. Pflug Koory LLC raised its holdings in shares of Union Pacific by 0.5% during the fourth quarter. Pflug Koory LLC now owns 8,569 shares of the railroad operator’s stock valued at $1,954,000 after acquiring an additional 45 shares during the period. Finally, Baron Wealth Management LLC boosted its stake in Union Pacific by 3.3% in the 4th quarter. Baron Wealth Management LLC now owns 1,409 shares of the railroad operator’s stock worth $321,000 after purchasing an additional 45 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Redburn Atlantic raised Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price for the company in a research report on Wednesday, April 16th. Guggenheim boosted their price target on Union Pacific from $266.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group dropped their price target on shares of Union Pacific from $255.00 to $230.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their target price on Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $260.00 to $244.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.50.

Union Pacific Stock Up 0.4 %

Shares of NYSE UNP opened at $216.91 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The company has a market cap of $130.00 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.06. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The firm’s 50-day simple moving average is $233.69 and its 200 day simple moving average is $236.10.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 23rd. The railroad operator reported $2.91 earnings per share for the quarter, beating 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 last year, the company earned $2.71 earnings per share. On average, research analysts expect that Union Pacific Co. will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, February 28th. Union Pacific’s payout ratio is 48.33%.

Insider Transactions at Union Pacific

In other news, EVP Craig V. Richardson sold 6,495 shares of Union Pacific stock in a transaction on Monday, January 27th. The shares were sold at an average price of $252.00, for a total transaction of $1,636,740.00. Following the transaction, the executive vice president now directly owns 26,319 shares of the company’s stock, valued at $6,632,388. This trade represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Elizabeth F. Whited sold 7,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $250.00, for a total value of $1,875,000.00. Following the sale, the president now directly owns 64,960 shares in the company, valued at $16,240,000. The trade was a 10.35 % decrease in their position. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

About Union Pacific

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.