United Parcel Service (NYSE:UPS) Stock Price Up 0.3% Following Analyst Upgrade

United Parcel Service, Inc. (NYSE:UPS) shares traded up 0.3% on Tuesday after Evercore ISI raised their price target on the stock from $138.00 to $141.00. Evercore ISI currently has an in-line rating on the stock. United Parcel Service traded as high as $131.66 and last traded at $131.66. 882,671 shares changed hands during trading, a decline of 79% from the average session volume of 4,171,911 shares. The stock had previously closed at $131.33.

Other research analysts have also recently issued research reports about the stock. Bank of America dropped their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. TD Cowen assumed coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Susquehanna lowered their price objective on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.05.

Institutional Trading of United Parcel Service

A number of large investors have recently modified their holdings of the business. 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 worth $694,000 after buying an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in United Parcel Service by 0.9% in 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 during the last quarter. MV Capital Management Inc. lifted its position in United Parcel Service by 8.6% in the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after buying an additional 77 shares during the last quarter. Finally, Gleason Group Inc. lifted its position in United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after buying an additional 77 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 0.1 %

The stock has a 50-day moving average of $130.54 and a two-hundred day moving average of $136.15. The company has a market cap of $112.56 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.00 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.96%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.