United Parcel Service (NYSE:UPS) Trading 1.1% Higher

United Parcel Service, Inc. (NYSE:UPSGet Free Report) shares rose 1.1% during mid-day trading on Wednesday . The stock traded as high as $152.15 and last traded at $150.75. Approximately 1,126,516 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 4,398,398 shares. The stock had previously closed at $149.15.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research report on Thursday, December 21st. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Raymond James reduced their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 31st. Finally, Barclays reduced their price target on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.87.

View Our Latest Research Report on UPS

United Parcel Service Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average price of $149.88 and a two-hundred day moving average price of $151.90. The company has a market cap of $129.45 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the previous year, the company posted $3.62 EPS. United Parcel Service’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.27 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.29%. United Parcel Service’s dividend payout ratio is presently 83.70%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UPS. Vista Investment Management grew its stake in shares of United Parcel Service by 1.4% in the 2nd quarter. Vista Investment Management now owns 4,171 shares of the transportation company’s stock worth $748,000 after buying an additional 59 shares during the last quarter. Aspire Private Capital LLC boosted its stake in United Parcel Service by 0.3% during the 1st quarter. Aspire Private Capital LLC now owns 18,392 shares of the transportation company’s stock valued at $3,568,000 after purchasing an additional 60 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the last quarter. Kolinsky Wealth Management LLC boosted its stake in United Parcel Service by 1.8% during the 2nd quarter. Kolinsky Wealth Management LLC now owns 3,590 shares of the transportation company’s stock valued at $632,000 after purchasing an additional 65 shares during the last quarter. Finally, Field & Main Bank boosted its stake in United Parcel Service by 1.7% during the 3rd quarter. Field & Main Bank now owns 3,840 shares of the transportation company’s stock valued at $599,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

(Get Free Report)

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.

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