United Parcel Service (NYSE:UPS) Trading 1.4% Higher

United Parcel Service, Inc. (NYSE:UPS)’s share price rose 1.4% during trading on Tuesday . The stock traded as high as $130.80 and last traded at $130.42. Approximately 988,988 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,218,228 shares. The stock had previously closed at $128.61.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stephens reduced their price objective on shares of 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. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird cut their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, Evercore ISI reduced their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $154.95.

United Parcel Service Trading Up 0.5 %

The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $110.54 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98. The business has a 50 day simple moving average of $137.26 and a 200-day simple moving average of $145.27.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business posted $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts predict that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 5.05%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Activity

In related news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cullen Investment Group LTD. raised its holdings 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 worth $1,480,000 after purchasing an additional 68 shares during the period. Blackston Financial Advisory Group LLC lifted its holdings in United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc boosted its stake in United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the period. Moody National Bank Trust Division grew its holdings in shares of United Parcel Service by 0.8% during the first quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 71 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its holdings in shares of United Parcel Service by 2.1% during the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 73 shares during the last quarter. 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.