United Parcel Service (NYSE:UPS) Shares Up 0.1%

United Parcel Service, Inc. (NYSE:UPS) shares traded up 0.1% during trading on Wednesday . The stock traded as high as $128.41 and last traded at $128.07. 354,114 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,228,217 shares. The stock had previously closed at $127.90.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UPS shares. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Robert W. Baird dropped their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Oppenheimer reduced their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Finally, Stifel Nicolaus reduced their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Stock Down 0.7 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $108.81 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. The firm has a 50-day moving average of $133.09 and a two-hundred day moving average of $141.79.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the business earned $2.54 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heritage Oak Wealth Advisors LLC purchased a new position in United Parcel Service in the second quarter valued at approximately $384,000. New Wave Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $231,000. Founders Financial Alliance LLC grew its holdings in shares of United Parcel Service by 2.2% in the 2nd quarter. Founders Financial Alliance LLC now owns 5,053 shares of the transportation company’s stock worth $691,000 after acquiring an additional 110 shares during the period. 3Chopt Investment Partners LLC purchased a new position in United Parcel Service in the 2nd quarter valued at approximately $363,000. Finally, EP Wealth Advisors LLC boosted its position in United Parcel Service by 30.3% during the second quarter. EP Wealth Advisors LLC now owns 26,943 shares of the transportation company’s stock worth $3,687,000 after purchasing an additional 6,265 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.