United Parcel Service (NYSE:UPS) Stock Price Up 1% – Here’s Why

by · The Cerbat Gem

United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s stock price was up 1% during mid-day trading on Tuesday . The stock traded as high as $136.40 and last traded at $135.94. Approximately 476,694 shares changed hands during trading, a decline of 89% from the average daily volume of 4,181,900 shares. The stock had previously closed at $134.57.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UPS shares. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. TD Cowen started coverage on United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Finally, Susquehanna dropped their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.24.

View Our Latest Research Report on United Parcel Service

United Parcel Service Stock Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50-day simple moving average of $129.82 and a 200-day simple moving average of $136.75. The firm has a market capitalization of $116.02 billion, a PE ratio of 22.11, a P/E/G ratio of 1.98 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report) last released 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). The business had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.54 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio is 106.36%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TruNorth Capital Management LLC bought a new position in United Parcel Service in the second quarter worth approximately $28,000. Stephens Consulting LLC grew its stake in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Riverview Trust Co bought a new position in United Parcel Service in the second quarter worth approximately $32,000. Centerpoint Advisors LLC grew its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in United Parcel Service by 1,933.3% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 244 shares of the transportation company’s stock worth $36,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Company Profile

(Get Free Report)

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.

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