United Parcel Service (NYSE:UPS) Stock Price Up 0.8% Following Analyst Upgrade

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.8% during mid-day trading on Wednesday after Wolfe Research upgraded the stock from a peer perform rating to an outperform rating. Wolfe Research now has a $147.00 price target on the stock. United Parcel Service traded as high as $126.47 and last traded at $126.02. 1,138,673 shares were traded during trading, a decline of 65% from the average session volume of 3,264,239 shares. The stock had previously closed at $124.98.

UPS has been the subject of a number of other research reports. Oppenheimer boosted their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup decreased their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America upped their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.10.

Insider Activity at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. PSI Advisors LLC increased its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of United Parcel Service in the third quarter valued at about $36,000. Finally, Meeder Asset Management Inc. grew its stake in shares of United Parcel Service by 271.7% in the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.8 %

The firm’s 50 day simple moving average is $130.04 and its two-hundred day simple moving average is $131.40. The firm has a market cap of $107.54 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.17%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.