United Parcel Service (NYSE:UPS) Stock Price Up 0.6%

United Parcel Service, Inc. (NYSE:UPS)’s share price traded up 0.6% on Thursday . The stock traded as high as $132.48 and last traded at $131.12. 1,158,112 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 4,242,079 shares. The stock had previously closed at $130.37.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets dropped their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Wells Fargo & Company decreased their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America dropped their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average price target of $154.95.

United Parcel Service Price Performance

The company has a market cap of $111.72 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.78 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $136.66 and a 200 day moving average price of $144.96.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.64 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in shares of United Parcel Service by 15,631.2% during the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Wellington Management Group LLP raised its holdings in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Norges Bank purchased a new position in United Parcel Service in the fourth quarter valued at about $1,128,322,000. First Trust Advisors LP increased its position in United Parcel Service by 208.1% in the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares during the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in shares of United Parcel Service during the 1st quarter worth about $160,787,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.