United Parcel Service (NYSE:UPS) Trading Up 0%

United Parcel Service, Inc. (NYSE:UPS)’s stock price traded up 0% during mid-day trading on Friday . The stock traded as high as $148.64 and last traded at $147.43. 657,890 shares changed hands during trading, a decline of 85% from the average session volume of 4,304,648 shares. The stock had previously closed at $147.39.

Analyst Ratings Changes

A number of research firms have recently commented on UPS. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $166.96.

United Parcel Service Stock Performance

The business has a 50 day moving average price of $149.57 and a two-hundred day moving average price of $151.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $125.79 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter in the prior year, the firm posted $2.20 earnings per share. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.21 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MWA Asset Management bought a new stake in shares of United Parcel Service during the third quarter valued at approximately $2,125,000. Chesapeake Wealth Management grew its position in shares of United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after buying an additional 103 shares during the period. Cerity Partners LLC grew its position in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after buying an additional 44,721 shares during the period. CapWealth Advisors LLC increased its stake in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its position in United Parcel Service by 1.0% during the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the period. 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.