United Parcel Service (NYSE:UPS) Trading Up 0.1% on Analyst Upgrade

United Parcel Service, Inc. (NYSE:UPSGet Free Report)’s share price was up 0.1% during mid-day trading on Thursday after Evercore ISI raised their price target on the stock from $141.00 to $147.00. Evercore ISI currently has an in-line rating on the stock. United Parcel Service traded as high as $133.26 and last traded at $132.72. Approximately 507,503 shares traded hands during trading, a decline of 88% from the average daily volume of 4,315,732 shares. The stock had previously closed at $132.55.

UPS has been the topic of a number of other research reports. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Citigroup decreased their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 7th. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price objective for the company 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 given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

View Our Latest Stock Analysis on UPS

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Flavin Financial Services Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $1,485,000. Trust Point Inc. increased its holdings in United Parcel Service by 26.3% in the fourth quarter. Trust Point Inc. now owns 5,132 shares of the transportation company’s stock valued at $647,000 after buying an additional 1,070 shares during the last quarter. Childress Capital Advisors LLC raised its stake in United Parcel Service by 35.9% during the fourth quarter. Childress Capital Advisors LLC now owns 3,538 shares of the transportation company’s stock valued at $446,000 after buying an additional 935 shares in the last quarter. Optas LLC lifted its holdings in United Parcel Service by 26.2% during the 4th quarter. Optas LLC now owns 2,198 shares of the transportation company’s stock worth $277,000 after buying an additional 456 shares during the last quarter. Finally, Rice Partnership LLC grew its position in shares of United Parcel Service by 652.0% in the 4th quarter. Rice Partnership LLC now owns 15,039 shares of the transportation company’s stock worth $1,896,000 after acquiring an additional 13,039 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $113.48 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.86 and a beta of 1.00. The stock has a fifty day moving average price of $128.97 and a two-hundred day moving average price of $130.84.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data 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 firm had revenue of $22.20 billion during 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 firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

About United Parcel Service

(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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