By otakuyassine3@gmail.com 
United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s share price rose 0.2% during trading on Friday . The company traded as high as $130.57 and last traded at $130.16. Approximately 1,304,265 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 4,285,856 shares. The stock had previously closed at $129.94.
Analyst Upgrades and Downgrades
UPS has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Wells Fargo & Company lowered their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Barclays reissued an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Finally, BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average target price of $151.10.
Get Our Latest Stock Analysis on United Parcel Service
United Parcel Service Trading Down 0.1 %
The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $110.74 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The business has a fifty day moving average of $128.95 and a 200-day moving average of $130.93.
United Parcel Service (NYSE:UPS – Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.49 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.
Insider Transactions at United Parcel Service
In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.
Hedge Funds Weigh In On United Parcel Service
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC raised its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC lifted its stake in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares in the last quarter. PSI Advisors LLC boosted its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in United Parcel Service during the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
About United Parcel Service
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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