United Parcel Service (NYSE:UPS) Trading 0.1% Higher

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares were up 0.1% during trading on Thursday . The stock traded as high as $148.39 and last traded at $147.99. Approximately 403,439 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 4,125,707 shares. The stock had previously closed at $147.77.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. Raymond James reduced their price target on shares of United Parcel Service from $185.00 to $175.00 and set a "strong-buy" rating for the company in a research report on Wednesday, January 31st. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an "underweight" rating in a research note on Wednesday, March 27th. HSBC raised United Parcel Service from a "hold" rating to a "buy" rating and increased their price objective for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Finally, UBS Group raised shares of United Parcel Service from a "neutral" rating to a "buy" rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $165.23.

United Parcel Service Stock Up 0.2 %

The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market cap of $126.25 billion, a PE ratio of 21.46, a PEG ratio of 1.68 and a beta of 1.05. The firm has a 50 day moving average price of $149.35 and a 200-day moving average price of $150.51.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the previous year, the business earned $2.20 EPS. United Parcel Service's revenue for the quarter was down 5.3% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date is Friday, May 10th. United Parcel Service's dividend payout ratio (DPR) is 94.49%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of United Parcel Service during the third quarter worth approximately $25,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service during the 4th quarter valued at approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in United Parcel Service in the 4th quarter valued at $31,000. 60.26% of the stock is 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.

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