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

Shares of United Parcel Service, Inc. (NYSE:UPS) were up 0.3% on Tuesday . The stock traded as high as $147.75 and last traded at $147.08. Approximately 781,246 shares were traded during trading, a decline of 81% from the average daily volume of 4,152,207 shares. The stock had previously closed at $146.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UPS. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Susquehanna lifted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Trading Up 0.3 %

The business has a fifty day moving average price of $149.38 and a 200-day moving average price of $150.56. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market cap of $125.42 billion, a P/E ratio of 21.32, a PEG ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the company posted $2.20 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in United Parcel Service during the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter valued at about $26,000. Life Planning Partners Inc bought a new stake in United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Finally, Bourgeon Capital Management LLC bought a new position in United Parcel Service in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.