United Parcel Service (NYSE:UPS) Trading 1.8% Higher

United Parcel Service, Inc. (NYSE:UPS)’s stock price shot up 1.8% during trading on Tuesday . The company traded as high as $147.27 and last traded at $146.70. 650,858 shares traded hands during trading, a decline of 84% from the average session volume of 3,978,340 shares. The stock had previously closed at $144.15.

Analyst Ratings Changes

UPS has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price 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. Morgan Stanley upped their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Evercore ISI dropped their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Oppenheimer raised their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the company from $150.00 to $170.00 in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Trading Up 2.2 %

The firm has a market cap of $126.05 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.81 and a beta of 0.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The business has a 50-day moving average of $139.51 and a 200-day moving average of $146.79.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. Research analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current 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 dividend on an annualized basis and a dividend yield of 4.43%. United Parcel Service’s payout ratio is 94.49%.

Institutional Trading of United Parcel Service

Hedge funds have recently made changes to their positions in the business. First Financial Corp IN increased its position in United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. lifted its stake in shares of United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after acquiring an additional 66 shares during the last quarter. Cullen Investment Group LTD. boosted its stake in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in United Parcel Service by 1.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock worth $1,142,000 after acquiring an additional 69 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in United Parcel Service by 1.3% in the fourth quarter. Bangor Savings Bank now owns 5,319 shares of the transportation company’s stock valued at $836,000 after purchasing an additional 70 shares during the period. 60.26% of the stock is 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.