United Parcel Service (NYSE:UPS) Trading Up 2.5% - Here's What Happened

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price traded up 2.5% during mid-day trading on Tuesday . The stock traded as high as $102.82 and last traded at $103.38. 800,350 shares were traded during mid-day trading, a decline of 85% from the average session volume of 5,211,272 shares. The stock had previously closed at $100.85.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial decreased their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Wells Fargo & Company restated an "equal weight" rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Citigroup raised their target price on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Susquehanna reduced their target price on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $86.66 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The business has a fifty day moving average of $99.02 and a two-hundred day moving average of $109.43.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is 95.63%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPS. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $219,000. OFI Invest Asset Management bought a new stake in shares of United Parcel Service during the 4th quarter valued at $38,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of United Parcel Service by 4.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 296,880 shares of the transportation company's stock valued at $37,437,000 after acquiring an additional 11,614 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of United Parcel Service by 7.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 98,355 shares of the transportation company's stock valued at $12,403,000 after acquiring an additional 7,093 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

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.