United Parcel Service (NYSE:UPS) Shares Up 0.9%

United Parcel Service, Inc. (NYSE:UPS)’s stock price was up 0.9% during trading on Monday . The stock traded as high as $150.88 and last traded at $148.98. Approximately 645,930 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 4,283,646 shares. The stock had previously closed at $147.59.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UPS. Raymond James reduced their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 31st. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $165.00 to $170.00 in a report on Friday, February 16th. Susquehanna upped their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, Morgan Stanley increased their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Trading Up 0.4 %

The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $126.36 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.69 and a beta of 1.05. The company has a fifty day moving average price of $149.56 and a two-hundred day moving average price of $150.90.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.40%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $28,000. Northwest Financial Advisors purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.