United Parcel Service (NYSE:UPS) Trading Up 1%

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) was up 1% during mid-day trading on Monday . The company traded as high as $129.51 and last traded at $128.48. Approximately 806,544 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 4,225,568 shares. The stock had previously closed at $127.24.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UPS shares. Baird R W upgraded shares of United Parcel Service to a "strong-buy" rating in a report on Wednesday, July 24th. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, July 24th. Bank of America reduced their target price on shares of United Parcel Service from $160.00 to $158.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, July 24th. Finally, TD Cowen started 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 on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Moderate Buy" and an average target price of $149.68.

United Parcel Service Stock Performance

The company has a market capitalization of $110.26 billion, a PE ratio of 18.68, a PEG ratio of 1.89 and a beta of 0.99. 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 firm's 50-day simple moving average is $130.75 and its 200-day simple moving average is $139.74.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analysts' expectations of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service's quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $2.54 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service's dividend payout ratio (DPR) is 94.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently modified their holdings of UPS. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company's stock valued at $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Norges Bank bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,128,322,000. Marshall Wace LLP raised its stake in shares of United Parcel Service by 284.8% during the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company's stock worth $351,681,000 after acquiring an additional 1,901,914 shares in the last quarter. First Trust Advisors LP raised its stake in shares of United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company's stock worth $270,025,000 after acquiring an additional 1,160,005 shares in the last quarter. Finally, Spirepoint Private Client LLC bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $160,787,000. Institutional investors own 60.26% of the company's stock.

About United Parcel Service

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.