Tenere Capital LLC Has $9.47 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Tenere Capital LLC trimmed its position in Union Pacific Co. (NYSE:UNP - Free Report) by 47.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,429 shares of the railroad operator's stock after selling 34,311 shares during the quarter. Union Pacific accounts for approximately 2.5% of Tenere Capital LLC's portfolio, making the stock its 23rd largest holding. Tenere Capital LLC's holdings in Union Pacific were worth $9,472,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cultivar Capital Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific during the 2nd quarter valued at $28,000. Financial Gravity Asset Management Inc. grew its holdings in shares of Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator's stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Union Pacific in the 3rd quarter worth $30,000. Finally, Fairscale Capital LLC purchased a new position in shares of Union Pacific during the second quarter valued at $31,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of analyst reports. Susquehanna reduced their price target on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Royal Bank of Canada lowered their price objective on Union Pacific from $288.00 to $283.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. TD Cowen cut their price target on Union Pacific from $255.00 to $252.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Barclays increased their price target on Union Pacific from $275.00 to $285.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $259.80.

Union Pacific Stock Down 0.5 %

Shares of UNP traded down $1.06 during mid-day trading on Friday, reaching $233.57. The company's stock had a trading volume of 2,585,152 shares, compared to its average volume of 2,469,402. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The stock has a market cap of $141.60 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company's 50 day moving average is $239.22 and its 200 day moving average is $238.29.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the business earned $2.51 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, December 9th. Union Pacific's payout ratio is currently 49.22%.

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.