United Parcel Service (NYSE:UPS) Trading 1.1% Higher

United Parcel Service, Inc. (NYSE:UPS)’s stock price was up 1.1% during mid-day trading on Wednesday . The company traded as high as $127.11 and last traded at $125.84. Approximately 982,051 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,265,896 shares. The stock had previously closed at $124.50.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UPS shares. Barclays lowered their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer dropped their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and raised their price target for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Stifel Nicolaus dropped their price objective 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. Finally, Wells Fargo & Company lowered their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $154.95.

United Parcel Service Trading Down 0.7 %

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. The stock has a market cap of $105.74 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.77 and a beta of 0.98. The stock has a 50-day moving average price of $135.76 and a 200-day moving average price of $144.06.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.64 EPS for the current year.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares during the period. CapWealth Advisors LLC lifted its stake in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after purchasing an additional 686 shares during the period. Dimensional Fund Advisors LP grew its stake in United Parcel Service by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after purchasing an additional 200,297 shares during the period. KLCM Advisors Inc. purchased a new position in United Parcel Service during the fourth quarter valued at $2,410,000. Finally, United Services Automobile Association boosted its holdings in shares of United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock valued at $37,316,000 after buying an additional 166,557 shares in the last quarter. Hedge funds and other institutional investors 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.