United Parcel Service (NYSE:UPS) Stock Price Up 1.3% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) traded up 1.3% on Monday . The company traded as high as $117.19 and last traded at $116.61. 1,020,868 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,480,016 shares. The stock had previously closed at $115.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Bank of America decreased their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Raymond James cut their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Friday, January 31st. Finally, Citigroup dropped their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Trading Up 0.8 %

The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $99.08 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The firm’s 50 day moving average is $120.13 and its 200 day moving average is $127.00.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the company earned $2.47 EPS. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.66%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $26,000. IFS Advisors LLC increased its position in shares of 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 purchasing an additional 151 shares during the period. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the 4th quarter valued at $27,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Institutional investors own 60.26% of the company’s stock.

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.