United Parcel Service (NYSE:UPS) Stock Price Up 0.6%

United Parcel Service, Inc. (NYSE:UPS)’s stock price traded up 0.6% on Monday . The stock traded as high as $144.06 and last traded at $143.60. 700,777 shares were traded during mid-day trading, a decline of 84% from the average session volume of 4,272,033 shares. The stock had previously closed at $142.77.

Analysts Set New Price Targets

Several research analysts have commented on UPS shares. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. HSBC dropped their price objective on United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. TD Cowen dropped their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Wednesday, April 3rd. Finally, Daiwa Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Stock Up 2.4 %

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The company has a market cap of $126.92 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.69 and a beta of 1.05. The business has a 50-day simple moving average of $149.52 and a two-hundred day simple moving average of $151.06.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.14). United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the company earned $2.20 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities analysts forecast that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.38%. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPS. MWA Asset Management acquired a new stake in United Parcel Service during the 3rd quarter valued at $2,125,000. Chesapeake Wealth Management lifted its position in United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after buying an additional 103 shares in the last quarter. Cerity Partners LLC grew its holdings in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC increased its position in United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in shares of United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after acquiring an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.