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

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.3% on Tuesday after Evercore ISI raised their price target on the stock from $138.00 to $141.00. Evercore ISI currently has an in-line rating on the stock. United Parcel Service traded as high as $131.66 and last traded at $131.66. 882,671 shares changed hands during trading, a decline of 79% from the average session volume of 4,171,911 shares. The stock had previously closed at $131.33.

A number of other research analysts also recently weighed in on UPS. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price on the stock. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America reduced their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Stifel Nicolaus cut their price target 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at $28,000. Stephens Consulting LLC lifted its holdings in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the period. Riverview Trust Co bought a new position in shares of United Parcel Service during the 2nd quarter valued at $32,000. Centerpoint Advisors LLC lifted its holdings in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% during the 2nd 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 during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

The firm has a fifty day moving average price of $130.44 and a two-hundred day moving average price of $136.19. The stock has a market capitalization of $112.49 billion, a P/E ratio of 21.42, a PEG ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its 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). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same period in the prior year, the business posted $2.54 earnings per share. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.96%. United Parcel Service’s dividend payout ratio is currently 106.36%.

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.