United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price traded up 1.4% during mid-day trading on Wednesday . The stock traded as high as $112.35 and last traded at $111.54. 2,146,090 shares changed hands during trading, a decline of 52% from the average session volume of 4,512,462 shares. The stock had previously closed at $109.95.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Bank of America decreased their price objective on United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday. Truist Financial initiated coverage on United Parcel Service in a report on Thursday, March 13th. They set a "buy" rating and a $140.00 target price on the stock. Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $160.00 to $130.00 in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of United Parcel Service from $170.00 to $141.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.57.
View Our Latest Analysis on UPS
United Parcel Service Stock Performance
The stock's 50-day simple moving average is $118.52 and its 200 day simple moving average is $126.44. The company has a market capitalization of $93.66 billion, a PE ratio of 16.22, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the company earned $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.98%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.
Institutional Trading of United Parcel Service
Institutional investors and hedge funds have recently made changes to their positions in the company. Chancellor Financial Group WB LP acquired a new position in shares of United Parcel Service in the 4th quarter valued at $300,000. 111 Capital purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $975,000. Centaurus Financial Inc. increased its position in United Parcel Service by 4.9% in the 4th quarter. Centaurus Financial Inc. now owns 5,281 shares of the transportation company's stock valued at $666,000 after acquiring an additional 248 shares during the period. Wealthedge Investment Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $2,768,000. Finally, Aegis Wealth Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $352,000. 60.26% of the stock is owned by hedge funds and other institutional investors.
About United Parcel Service
(
Get Free Report)
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.
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