United Parcel Service (NYSE:UPS) Stock Price Up 5.1% – Here’s Why

Shares of United Parcel Service, Inc. (NYSE:UPS) rose 5.1% during trading on Thursday . The stock traded as high as $145.01 and last traded at $138.12. Approximately 5,759,393 shares were traded during trading, an increase of 38% from the average daily volume of 4,187,772 shares. The stock had previously closed at $131.41.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. Oppenheimer dropped their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. UBS Group dropped their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Stock Up 4.5 %

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $117.67 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.93 and a beta of 0.99. The stock’s 50 day simple moving average is $130.54 and its 200 day simple moving average is $136.15.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.75%. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter valued at $28,000. Stephens Consulting LLC lifted its position in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. 60.26% of the stock is currently owned by 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.