United Parcel Service (NYSE:UPS) Shares Up 1%

United Parcel Service, Inc. (NYSE:UPS)’s stock price traded up 1% during mid-day trading on Monday . The company traded as high as $129.51 and last traded at $128.48. 806,544 shares changed hands during trading, a decline of 81% from the average session volume of 4,225,568 shares. The stock had previously closed at $127.24.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Barclays cut their price target on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus lowered their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.68.

United Parcel Service Trading Up 0.0 %

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $111.94 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The firm’s fifty day simple moving average is $130.68 and its 200-day simple moving average is $139.62.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.54 earnings per share. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.99%. The ex-dividend date was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Insider Buying and Selling at United Parcel Service

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

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently bought and sold shares of UPS. Gilbert & Cook Inc. grew its position in United Parcel Service by 0.7% in the 4th quarter. Gilbert & Cook Inc. now owns 74,000 shares of the transportation company’s stock worth $11,635,000 after purchasing an additional 540 shares in the last quarter. Aveo Capital Partners LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $218,000. Gryphon Financial Partners LLC increased its position in shares of United Parcel Service by 128.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,028 shares of the transportation company’s stock valued at $493,000 after acquiring an additional 1,701 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in United Parcel Service by 131.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 7,750 shares of the transportation company’s stock worth $1,219,000 after acquiring an additional 4,399 shares during the period. Finally, Sachetta LLC purchased a new position in United Parcel Service in the fourth quarter worth $386,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.