United Parcel Service (NYSE:UPS) Stock Price Up 4.8% - Time to Buy?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares rose 4.8% during trading on Monday . The stock traded as high as $102.84 and last traded at $100.47. Approximately 2,749,224 shares were traded during trading, a decline of 45% from the average daily volume of 5,014,121 shares. The stock had previously closed at $95.89.

Analysts Set New Price Targets

UPS has been the subject of several research reports. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Robert W. Baird cut shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Oppenheimer dropped their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average price target of $120.87.

United Parcel Service Stock Performance

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm's 50 day simple moving average is $104.28 and its 200 day simple moving average is $118.70. The firm has a market capitalization of $86.41 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the business posted $1.43 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of the stock. Pandora Wealth Inc. purchased a new stake in United Parcel Service in the 1st quarter worth approximately $209,000. Taylor Financial Group Inc. grew its holdings in United Parcel Service by 48.0% in the first quarter. Taylor Financial Group Inc. now owns 7,525 shares of the transportation company's stock valued at $828,000 after purchasing an additional 2,439 shares during the period. Benjamin Edwards Inc. grew its holdings in United Parcel Service by 18.9% in the first quarter. Benjamin Edwards Inc. now owns 178,991 shares of the transportation company's stock valued at $19,687,000 after purchasing an additional 28,466 shares during the period. Koss Olinger Consulting LLC acquired a new stake in United Parcel Service in the first quarter valued at approximately $1,857,000. Finally, Measured Wealth Private Client Group LLC grew its holdings in United Parcel Service by 51.6% in the first quarter. Measured Wealth Private Client Group LLC now owns 169,081 shares of the transportation company's stock valued at $18,597,000 after purchasing an additional 57,529 shares during the period. 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.

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