United Parcel Service (NYSE:UPS) Trading 0.1% Higher

United Parcel Service, Inc. (NYSE:UPS) shares rose 0.1% during mid-day trading on Monday . The stock traded as high as $147.81 and last traded at $146.64. Approximately 413,265 shares changed hands during trading, a decline of 90% from the average daily volume of 4,173,248 shares. The stock had previously closed at $146.43.

Analyst Ratings Changes

Several research firms recently weighed in on UPS. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Barclays reduced their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. TD Cowen lowered their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Morgan Stanley increased their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Finally, Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Trading Up 0.5 %

The business has a 50-day simple moving average of $149.35 and a 200-day simple moving average of $150.53. The company has a market cap of $126.00 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

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 the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

Institutional Investors Weigh In On United Parcel Service

Large investors have recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new position in United Parcel Service in the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the fourth quarter valued at $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service in the fourth quarter valued at $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $31,000. 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.