Shares of Union Pacific Corp. (NYSE:UNP) shot up 2.3% on Wednesday . The stock traded as high as $94.79 and last traded at $94.15, with a volume of 5,489,765 shares changing hands. The stock had previously closed at $92.06.

Several equities research analysts have recently issued reports on UNP shares. Scotiabank started coverage on shares of Union Pacific Corp. in a research report on Tuesday, March 15th. They issued an “outperform” rating for the company. Bank of America Corp. restated a “buy” rating and issued a $88.00 price objective on shares of Union Pacific Corp. in a research note on Tuesday, March 22nd. Vetr upgraded shares of Union Pacific Corp. from a “buy” rating to a “strong-buy” rating and set a $89.42 price objective on the stock in a research note on Monday, March 28th. Barclays PLC restated an “equal weight” rating and issued a $81.00 price objective (down from $85.00) on shares of Union Pacific Corp. in a research note on Monday, April 11th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Union Pacific Corp. in a research note on Tuesday, April 12th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.72.

The company has a market cap of $79.17 billion and a PE ratio of 17.58. The company’s 50-day moving average price is $87.18 and its 200-day moving average price is $81.46.

Union Pacific Corp. (NYSE:UNP) last announced its quarterly earnings results on Thursday, April 21st. The railroad operator reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.06. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. Analysts predict that Union Pacific Corp. will post $5.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st were issued a $0.55 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $2.20 dividend on an annualized basis and a yield of 2.34%.

In other news, EVP Diane K. Duren sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $85.46, for a total transaction of $213,650.00. Following the completion of the sale, the executive vice president now owns 131,541 shares in the company, valued at $11,241,493.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Other hedge funds and institutional investors have bought and sold shares of the company. Security National Bank of SO Dak boosted its position 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 worth $1,110,000 after buying an additional 1,105 shares in the last quarter. Security National Bank of Sioux City Iowa IA boosted its position in shares of Union Pacific Corp. by 4.9% in the fourth quarter. Security National Bank of Sioux City Iowa IA now owns 15,824 shares of the railroad operator’s stock worth $1,237,000 after buying an additional 740 shares in the last quarter. Leonard Capital Management Inc purchased a new position in shares of Union Pacific Corp. during the fourth quarter worth approximately $3,128,000. CIBC Asset Management Inc boosted its position in shares of Union Pacific Corp. by 17.8% in the fourth quarter. CIBC Asset Management Inc now owns 101,860 shares of the railroad operator’s stock worth $7,965,000 after buying an additional 15,392 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC boosted its position in shares of Union Pacific Corp. by 40.6% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 19,272 shares of the railroad operator’s stock worth $1,376,000 after buying an additional 5,562 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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