United Parcel Service (NYSE:UPS) Trading Up 0.7%

United Parcel Service, Inc. (NYSE:UPS) was up 0.7% during mid-day trading on Tuesday . The stock traded as high as $127.79 and last traded at $126.91. Approximately 973,177 shares traded hands during trading, a decline of 77% from the average daily volume of 4,255,967 shares. The stock had previously closed at $126.02.

Analyst Ratings Changes

Several analysts have issued reports on UPS shares. Evercore ISI cut their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Bank of America lowered their target price on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Stephens lowered their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group decreased their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Robert W. Baird decreased their price target on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $154.95.

United Parcel Service Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $106.52 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.77 and a beta of 0.98. The stock’s 50 day moving average price is $136.03 and its two-hundred day moving average price is $144.29.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $2.54 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently made changes to their positions in the stock. Cullen Investment Group LTD. lifted its position in United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after acquiring an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its position in United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc lifted its position in United Parcel Service by 2.2% in the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares in the last quarter. Moody National Bank Trust Division lifted its position in United Parcel Service by 0.8% in the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 71 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after buying an additional 73 shares in the last quarter. 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.