United Parcel Service (NYSE:UPS) Trading 1.6% Higher

United Parcel Service, Inc. (NYSE:UPS) shares rose 1.6% during mid-day trading on Friday . The stock traded as high as $135.60 and last traded at $135.46. Approximately 607,523 shares were traded during trading, a decline of 86% from the average daily volume of 4,260,925 shares. The stock had previously closed at $133.33.

Analysts Set New Price Targets

UPS has been the subject of several research reports. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus reduced their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. UBS Group lowered their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays decreased their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.68.

United Parcel Service Stock Up 1.4 %

The firm has a market cap of $115.81 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.91 and a beta of 0.99. The firm’s 50 day moving average price is $128.97 and its two-hundred day moving average price is $138.75. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.54 earnings per share. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.82%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of United Parcel Service

A number of institutional investors have recently bought and sold shares of UPS. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter valued at approximately $28,000. Security National Bank acquired a new position in United Parcel Service in the 4th quarter valued at about $31,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter valued at about $31,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the second quarter worth about $32,000. Finally, Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.