United Parcel Service (NYSE:UPS) Stock Price Up 0%

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

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent research reports. HSBC raised United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the company from $150.00 to $170.00 in a research report on Thursday. Argus cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Finally, 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 report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Up 0.1 %

The firm has a 50-day moving average price of $149.56 and a 200 day moving average price of $150.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.05.

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

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Buying and Selling

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

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MWA Asset Management bought a new stake in United Parcel Service during the third quarter worth $2,125,000. Chesapeake Wealth Management lifted its stake in United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares during the last quarter. Cerity Partners LLC lifted its stake in United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its stake in United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its stake in United Parcel Service by 1.0% during the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by 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.