United Parcel Service (NYSE:UPS) Trading 0.6% Higher

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.6% on Friday . The company traded as high as $137.20 and last traded at $136.58. 692,993 shares changed hands during trading, a decline of 83% from the average session volume of 4,020,657 shares. The stock had previously closed at $135.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Bank of America lifted their price objective on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. BMO Capital Markets lifted their price objective on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Finally, TD Cowen decreased their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Up 0.8 %

The firm has a market cap of $117.08 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.72 and a beta of 1.01. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $141.71 and a 200-day moving average of $148.56.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 earnings per share. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 8.22 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 paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.76%. United Parcel Service’s dividend payout ratio is 94.49%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the business. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. Finally, Security National Bank acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. 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.