United Parcel Service (NYSE:UPS) Stock Price Up 2.2%

United Parcel Service, Inc. (NYSE:UPS)’s share price traded up 2.2% on Wednesday . The stock traded as high as $137.74 and last traded at $137.32. 1,653,729 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,014,462 shares. The stock had previously closed at $134.36.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Stifel Nicolaus decreased their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday. Wells Fargo & Company initiated coverage on shares of United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Performance

The company has a fifty day moving average price of $142.05 and a two-hundred day moving average price of $148.90. The company has a market capitalization of $118.52 billion, a P/E ratio of 19.90, a PEG ratio of 1.70 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate 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 prior 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. Equities analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.71%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Institutional Investors Weigh In On United Parcel Service

Large investors have recently modified their holdings of the stock. Old Port Advisors raised its stake in United Parcel Service by 14.1% in the first quarter. Old Port Advisors now owns 10,101 shares of the transportation company’s stock valued at $1,501,000 after purchasing an additional 1,249 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in United Parcel Service during the 1st quarter valued at approximately $149,000. Clear Rock Advisors LLC lifted its stake in United Parcel Service by 2.5% in the first quarter. Clear Rock Advisors LLC now owns 13,868 shares of the transportation company’s stock worth $2,061,000 after acquiring an additional 333 shares during the period. DekaBank Deutsche Girozentrale raised its stake in United Parcel Service by 28.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 301,321 shares of the transportation company’s stock worth $44,149,000 after buying an additional 66,995 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of United Parcel Service in the 1st quarter valued at approximately $2,391,000. 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.