United Parcel Service (NYSE:UPS) Trading 0.2% Higher – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) shot up 0.2% during trading on Tuesday . The company traded as high as $118.71 and last traded at $118.25. 619,857 shares were traded during mid-day trading, a decline of 86% from the average session volume of 4,419,494 shares. The stock had previously closed at $118.06.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Bank of America dropped their price target on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. UBS Group decreased their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus dropped their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Citigroup decreased their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Trading Down 0.1 %

The firm has a market capitalization of $100.78 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The business’s fifty day moving average is $120.79 and its 200 day moving average is $127.32. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the business posted $2.47 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.56%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. True Wealth Design LLC grew its stake in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Finally, IFS Advisors LLC increased its position in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds 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.