Union Pacific Corp. (NYSE:UNP)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $87.26, but opened at $87.44. Union Pacific Corp. shares last traded at $87.81, with a volume of 2,405,997 shares.

Several research firms recently issued reports on UNP. Deutsche Bank AG reissued a “buy” rating on shares of Union Pacific Corp. in a research note on Tuesday, April 12th. Scotiabank began coverage on Union Pacific Corp. in a research note on Tuesday, March 15th. They set an “outperform” rating on the stock. Vetr raised Union Pacific Corp. from a “hold” rating to a “buy” rating and set a $95.69 target price on the stock in a research note on Monday, April 25th. Credit Agricole SA began coverage on Union Pacific Corp. in a research note on Thursday, May 19th. They set a “sell” rating and a $79.00 target price on the stock. Finally, Zacks Investment Research raised Union Pacific Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.72.

The firm has a market capitalization of $76.27 billion and a price-to-earnings ratio of 16.94. The company’s 50 day moving average is $86.23 and its 200-day moving average is $81.14.

Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 21st. The railroad operator reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.06. The firm earned $4.83 billion during the quarter, compared to the consensus estimate of $4.99 billion. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 earnings per share. Equities analysts anticipate that Union Pacific Corp. will post $5.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, May 26th.

In related news, EVP Diane K. Duren sold 2,500 shares of the business’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $85.46, for a total value of $213,650.00. Following the completion of the sale, the executive vice president now directly owns 131,541 shares of the company’s stock, valued at $11,241,493.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of hedge funds have recently made changes to their positions in UNP. Simmons First Trust Co. NA raised its stake in shares of Union Pacific Corp. by 38.4% in the fourth quarter. Simmons First Trust Co. NA now owns 12,944 shares of the railroad operator’s stock valued at $1,012,000 after buying an additional 3,590 shares in the last quarter. Barrett Asset Management LLC raised its stake in shares of Union Pacific Corp. by 1.5% in the fourth quarter. Barrett Asset Management LLC now owns 13,300 shares of the railroad operator’s stock valued at $1,040,000 after buying an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Union Pacific Corp. by 7.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,370 shares of the railroad operator’s stock valued at $1,046,000 after buying an additional 950 shares in the last quarter. IronBridge Capital Management LP raised its stake in shares of Union Pacific Corp. by 9.9% in the fourth quarter. IronBridge Capital Management LP now owns 13,982 shares of the railroad operator’s stock valued at $1,093,000 after buying an additional 1,260 shares in the last quarter. Finally, Security National Bank of SO Dak raised its stake in shares of Union Pacific Corp. by 8.4% in the fourth quarter. Security National Bank of SO Dak now owns 14,194 shares of the railroad operator’s stock valued at $1,110,000 after buying an additional 1,105 shares in the last quarter.

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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