United Parcel Service (NYSE:UPS) Stock Price Up 0.3% After Analyst Upgrade

Shares of United Parcel Service, Inc. (NYSE:UPS) rose 0.3% during trading on Tuesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The company traded as high as $135.70 and last traded at $135.68. Approximately 572,992 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 4,203,062 shares. The stock had previously closed at $135.34.

A number of other analysts also recently commented on UPS. The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Oppenheimer boosted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.71.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently added to or reduced their stakes in the business. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co purchased a new stake in United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC increased its stake in United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC lifted its holdings in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.8 %

The business has a fifty day simple moving average of $131.12 and a 200 day simple moving average of $135.73. The stock has a market cap of $115.05 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.03 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.41 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 98.49%.

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.