United Parcel Service (NYSE:UPS) Stock Price Up 3.2% - What's Next?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares traded up 3.2% during trading on Tuesday . The company traded as high as $102.08 and last traded at $102.46. 1,440,521 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 5,144,827 shares. The stock had previously closed at $99.31.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UPS shares. Bank of America lifted their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Down 1.2%

The firm has a market capitalization of $85.70 billion, a PE ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.22. The business's 50 day simple moving average is $97.15 and its 200 day simple moving average is $113.42. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 1248 Management LLC lifted its stake in shares of United Parcel Service by 352.0% during the 1st quarter. 1248 Management LLC now owns 8,218 shares of the transportation company's stock worth $904,000 after acquiring an additional 6,400 shares during the last quarter. Hodges Capital Management Inc. lifted its position in shares of United Parcel Service by 15.9% during the first quarter. Hodges Capital Management Inc. now owns 6,012 shares of the transportation company's stock worth $661,000 after purchasing an additional 824 shares during the last quarter. Modern Wealth Management LLC lifted its position in shares of United Parcel Service by 13.1% during the first quarter. Modern Wealth Management LLC now owns 12,326 shares of the transportation company's stock worth $1,356,000 after purchasing an additional 1,429 shares during the last quarter. Strs Ohio purchased a new stake in shares of United Parcel Service during the first quarter valued at $36,638,000. Finally, Jacobi Capital Management LLC grew its holdings in shares of United Parcel Service by 2.8% in the first quarter. Jacobi Capital Management LLC now owns 22,700 shares of the transportation company's stock worth $2,497,000 after purchasing an additional 609 shares during the last quarter. Hedge funds and other 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.