United Parcel Service (NYSE:UPS) Stock Jumps 1.3% – What’s Next?

United Parcel Service, Inc. (NYSE:UPS)’s share price rose 1.3% during trading on Monday. The company traded as high as $110.16 and last traded at $109.6490. 5,781,049 shares changed hands during trading, an increase of 3% from the average daily volume of 5,619,118 shares. The stock had previously closed at $108.25.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stephens lowered their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Stifel Nicolaus increased their price target on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Citigroup raised their price target on United Parcel Service from $122.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Finally, UBS Group boosted their price target on United Parcel Service from $124.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $118.45.

United Parcel Service Trading Up 1.3%

The company has a debt-to-equity ratio of 1.67, a current ratio of 1.24 and a quick ratio of 1.18. The business has a 50-day simple moving average of $99.19 and a two-hundred day simple moving average of $104.63. The stock has a market cap of $93.29 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 1.94 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The company had revenue of $22.90 billion during the quarter, compared to analysts’ expectations of $22.27 billion. During the same period last year, the firm posted $1.74 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.28 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, August 17th. United Parcel Service’s dividend payout ratio is 126.15%.

Insiders Place Their Bets

In other United Parcel Service news, insider Matthew Guffey sold 8,318 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the sale, the insider owned 271 shares of the company’s stock, valued at $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Wealth Managment LLC ID raised its position in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 101 shares during the period. Markowski Investments acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $30,000. Allied Private Wealth LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth about $34,000. Grove Bank & Trust boosted its holdings in shares of United Parcel Service by 49.8% during the 2nd quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock worth $41,000 after buying an additional 126 shares during the period. Finally, Community Financial Services Group LLC boosted its holdings in shares of United Parcel Service by 170.1% during the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock worth $41,000 after buying an additional 233 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.