United Parcel Service (NYSE:UPS) Stock Jumps 1.3% – Here’s What Happened

Shares of United Parcel Service, Inc. (NYSE:UPS) were up 1.3% during trading on Wednesday. The company traded as high as $112.64 and last traded at $112.5010. 3,309,166 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 5,613,891 shares. The stock had previously closed at $111.05.

Analyst Ratings Changes

Several analysts have weighed in on UPS shares. The Goldman Sachs Group boosted their price objective on United Parcel Service from $128.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 28th. Sanford C. Bernstein dropped their price target on shares of 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. Weiss Ratings upgraded shares of United Parcel Service from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Bank of America raised their price objective on shares of United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $118.45.

United Parcel Service Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The stock has a market cap of $95.56 billion, a P/E ratio of 21.60, a PEG ratio of 2.02 and a beta of 0.98. The stock has a fifty day simple moving average of $100.40 and a 200-day simple moving average of $104.77.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The company had revenue of $22.85 billion during the quarter. Equities analysts expect that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Monday, November 16th will be issued a $1.64 dividend. The ex-dividend date is Monday, November 16th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s dividend payout ratio (DPR) is 126.15%.

Insider Activity

In other news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the transaction, the insider owned 271 shares of the company’s stock, valued at $28,560.69. The trade was a 96.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPS. Markowski Investments acquired a new position in shares of United Parcel Service in the 2nd quarter valued at approximately $30,000. Allied Private Wealth LLC acquired a new stake in shares of United Parcel Service during the second quarter worth $34,000. Legacy Wealth Managment LLC ID raised its holdings in shares of 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 acquiring an additional 101 shares during the period. Community Financial Services Group LLC lifted its position in United Parcel Service by 170.1% in the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 233 shares in the last quarter. Finally, DiPaolo Financial Group Inc. bought a new stake in United Parcel Service in the 3rd quarter valued at $35,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Company Profile

United Parcel Service, Inc. (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management. UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories. Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.