United Parcel Service (NYSE:UPS) Stock Price Up 2.2%

Shares of United Parcel Service, Inc. (NYSE:UPS) rose 2.2% during mid-day trading on Wednesday . The company traded as high as $137.74 and last traded at $137.32. Approximately 1,653,729 shares changed hands during trading, a decline of 59% from the average daily volume of 4,014,462 shares. The stock had previously closed at $134.36.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Evercore ISI dropped their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the company from $150.00 to $170.00 in a report on Thursday, April 25th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Wednesday, April 3rd. BMO Capital Markets boosted their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus lowered their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Trading Down 1.7 %

The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $116.23 billion, a P/E ratio of 19.69, a PEG ratio of 1.75 and a beta of 1.01. The business has a 50 day moving average price of $141.96 and a 200 day moving average price of $148.83.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company 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%. United Parcel Service’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 EPS. Analysts anticipate that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Institutional Trading of United Parcel Service

A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its stake in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN increased its stake in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. increased its stake in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares in the last quarter. Cullen Investment Group LTD. increased its stake in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC grew its stake in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

About United Parcel Service

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.