United Parcel Service (NYSE:UPS) Stock Price Up 1.3% – What’s Next?

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 1.3% on Monday. The stock traded as high as $110.16 and last traded at $109.6490. Approximately 5,781,049 shares were traded during trading, an increase of 3% from the average daily volume of 5,619,118 shares. The stock had previously closed at $108.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their price target on United Parcel Service from $80.00 to $95.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. Stifel Nicolaus raised their price target on United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Citizens Jmp began coverage on United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Raymond James Financial boosted their price objective on United Parcel Service from $127.00 to $131.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein lowered their target price on United Parcel Service from $131.00 to $127.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $118.45.

United Parcel Service Stock Up 1.3%

The firm has a market capitalization of $93.29 billion, a P/E ratio of 21.09, a PEG ratio of 1.94 and a beta of 1.07. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. The firm’s 50-day moving average is $99.19 and its 200 day moving average is $104.63.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The firm had revenue of $22.90 billion during the quarter, compared to analysts’ expectations of $22.27 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.28 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio is currently 126.15%.

Insider Activity

In related news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the transaction, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

A number of large investors have recently bought and sold shares of the company. Markowski Investments acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $30,000. Allied Private Wealth LLC acquired a new position in United Parcel Service during the second quarter worth $34,000. Legacy Wealth Managment LLC ID boosted its holdings in United Parcel Service by 48.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Community Financial Services Group LLC grew its position in United Parcel Service by 170.1% in the second quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 233 shares in the last quarter. Finally, Grove Bank & Trust grew its position in United Parcel Service by 49.8% in the second quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 126 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.