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

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

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Susquehanna upped their price target on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. Oppenheimer upped their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays decreased 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 note on Wednesday, January 31st. Finally, UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Performance

The firm has a fifty day simple moving average of $149.56 and a 200 day simple moving average of $150.93. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11. The stock has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.20 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a $1.63 dividend. The ex-dividend date was Friday, February 16th. This is a boost 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%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently modified their holdings of the stock. MWA Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter worth approximately $2,125,000. Chesapeake Wealth Management increased its holdings in United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC increased its holdings in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after purchasing an additional 44,721 shares in the last quarter. CapWealth Advisors LLC increased its holdings in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. increased its holdings 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 purchasing an additional 740 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.