United Parcel Service (NYSE:UPS) Stock Price Up 1.2%

United Parcel Service, Inc. (NYSE:UPS)’s share price shot up 1.2% during trading on Monday . The stock traded as high as $129.58 and last traded at $129.55. 1,050,912 shares were traded during mid-day trading, a decline of 75% from the average session volume of 4,236,984 shares. The stock had previously closed at $127.97.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. Robert W. Baird dropped their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. 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 research report on Monday, June 24th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, TD Cowen initiated coverage on United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.20.

United Parcel Service Trading Down 0.5 %

The firm’s 50 day simple moving average is $132.96 and its two-hundred day simple moving average is $141.66. The stock has a market capitalization of $108.96 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.85 and a beta of 0.98. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.54 earnings per share. As a group, analysts forecast 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 issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction 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 completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. Security National Bank purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $31,000. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at about $28,000. Finally, Stephens Consulting LLC raised its holdings in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.