United Parcel Service (NYSE:UPS) Trading Up 0.6%

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UPS shares. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. UBS Group dropped their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Stephens lowered their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Robert W. Baird lowered 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, Wells Fargo & Company cut their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus price target of $154.95.

United Parcel Service Stock Down 1.9 %

The stock has a market capitalization of $109.56 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.80 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 company’s 50-day moving average is $136.28 and its 200 day moving average is $144.65.

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

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently bought and sold shares of UPS. Hamel Associates Inc. grew its stake in shares of United Parcel Service by 1.4% during the 2nd quarter. Hamel Associates Inc. now owns 57,740 shares of the transportation company’s stock worth $7,902,000 after purchasing an additional 776 shares during the period. National Bank of Canada FI grew its stake in shares of United Parcel Service by 8.4% during the 2nd quarter. National Bank of Canada FI now owns 370,842 shares of the transportation company’s stock worth $50,381,000 after purchasing an additional 28,818 shares during the period. First Dallas Securities Inc. grew its stake in shares of United Parcel Service by 6.8% during the 2nd quarter. First Dallas Securities Inc. now owns 1,979 shares of the transportation company’s stock worth $271,000 after purchasing an additional 126 shares during the period. Nicholas Hoffman & Company LLC. grew its stake in shares of United Parcel Service by 0.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 79 shares during the period. Finally, Journey Advisory Group LLC grew its stake in shares of United Parcel Service by 114.5% during the 2nd quarter. Journey Advisory Group LLC now owns 3,376 shares of the transportation company’s stock worth $462,000 after purchasing an additional 1,802 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

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.