United Parcel Service (NYSE:UPS) Stock Price Up 0.7%

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares were up 0.7% during trading on Thursday . The company traded as high as $148.41 and last traded at $148.32. Approximately 444,895 shares traded hands during trading, a decline of 90% from the average daily volume of 4,316,629 shares. The stock had previously closed at $147.26.

Analyst Ratings Changes

A number of research analysts recently commented on UPS shares. TD Cowen lowered their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a "hold" rating on the stock in a research report on Thursday, March 28th. Robert W. Baird raised shares of United Parcel Service from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of United Parcel Service from $183.00 to $179.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. UBS Group upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and lifted their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Finally, Susquehanna reiterated a "neutral" rating and issued a $150.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $165.61.

United Parcel Service Trading Up 1.2 %

The stock has a market capitalization of $127.05 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.74 and a beta of 1.05. The company's 50 day moving average is $149.50 and its 200 day moving average is $151.66. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion during the quarter, compared to analysts' expectations of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.62 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 8.24 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service's dividend payout ratio is presently 83.70%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company's stock, valued at approximately $199,220. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the business. VisionPoint Advisory Group LLC bought a new stake in United Parcel Service in the 2nd quarter valued at $25,000. OFI Invest Asset Management bought a new stake in United Parcel Service in the 3rd quarter valued at $25,000. IMA Wealth Inc. increased its holdings in United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company's stock valued at $25,000 after buying an additional 71 shares during the period. Pacific Center for Financial Services bought a new stake in United Parcel Service in the 1st quarter valued at $25,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. 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.