United Parcel Service (NYSE:UPS) Shares Climb 2.4% – Here’s What Happened

by · The Cerbat Gem

United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s share price traded up 2.4% during trading on Monday. The company traded as high as $111.83 and last traded at $110.8570. Approximately 4,393,184 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 5,629,205 shares. The stock had previously closed at $108.30.

Key Stories Impacting United Parcel Service

Here are a few of the latest stories about UPS:

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Citizens Jmp began coverage on United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. BNP Paribas Exane cut their target price on United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 30th. Bank of America lifted their price objective on shares of United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $118.45.

Check Out Our Latest Analysis on UPS

United Parcel Service Trading Up 1.3%

The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $95.71 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The company has a 50 day moving average price of $100.05 and a 200 day moving average price of $104.73.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its earnings results on Wednesday, November 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter. The company had revenue of $22.85 billion for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. On average, research analysts expect that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, November 16th. United Parcel Service’s dividend payout ratio (DPR) is currently 126.15%.

Insider Buying and Selling at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the sale, the insider owned 271 shares in the company, valued at $28,560.69. This represents a 96.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Institutional Trading of United Parcel Service

Institutional investors have recently modified their holdings of the business. Mayflower Financial Advisors LLC boosted its position in shares of United Parcel Service by 144.1% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 109,948 shares of the transportation company’s stock worth $10,274,000 after buying an additional 64,900 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of United Parcel Service in the third quarter valued at about $52,713,000. Private Wealth Asset Management LLC lifted its holdings in shares of United Parcel Service by 124.3% in the third quarter. Private Wealth Asset Management LLC now owns 7,603 shares of the transportation company’s stock valued at $710,000 after purchasing an additional 4,214 shares in the last quarter. Private Advisor Group LLC grew its position in shares of United Parcel Service by 47.1% in the third quarter. Private Advisor Group LLC now owns 146,116 shares of the transportation company’s stock valued at $13,653,000 after purchasing an additional 46,774 shares during the last quarter. Finally, Focus Advisor Solutions LLC grew its position in shares of United Parcel Service by 4.6% in the third quarter. Focus Advisor Solutions LLC now owns 24,122 shares of the transportation company’s stock valued at $2,254,000 after purchasing an additional 1,069 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

(Get Free Report)

United Parcel Service, Inc. (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management. UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories. Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.

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