United Parcel Service (NYSE:UPS) Hits New 1-Year High at $169.64

United Parcel Service, Inc. (NYSE:UPS)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $169.64 and last traded at $163.72, with a volume of 151445 shares trading hands. The stock had previously closed at $161.53.

A number of research analysts have recently issued reports on the company. Berenberg Bank set a $130.00 target price on United Parcel Service and gave the company a “sell” rating in a report on Thursday, September 3rd. Cowen boosted their target price on United Parcel Service from $101.00 to $114.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Barclays reissued a “sell” rating and issued a $120.00 target price on shares of United Parcel Service in a report on Friday, July 31st. Standpoint Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Finally, UBS Group boosted their target price on United Parcel Service from $150.00 to $162.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $132.33.

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.30. The company has a market cap of $139.46 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. The company has a fifty day simple moving average of $154.80 and a two-hundred day simple moving average of $114.54.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $1.06. The company had revenue of $20.46 billion for the quarter, compared to analyst estimates of $17.42 billion. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. United Parcel Service’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.96 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 6.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, August 21st. United Parcel Service’s dividend payout ratio (DPR) is 53.65%.

In other news, Director David P. Abney sold 62,700 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $160.56, for a total value of $10,067,112.00. Also, insider Kathleen M. Gutmann sold 7,766 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $156.77, for a total value of $1,217,475.82. Insiders sold 80,291 shares of company stock worth $12,848,237 in the last three months. 0.57% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Demars Financial Group LLC lifted its position in United Parcel Service by 7.5% during the second quarter. Demars Financial Group LLC now owns 2,730 shares of the transportation company’s stock worth $304,000 after buying an additional 190 shares during the period. Principal Financial Group Inc. lifted its position in United Parcel Service by 5.2% during the second quarter. Principal Financial Group Inc. now owns 1,044,893 shares of the transportation company’s stock worth $116,171,000 after buying an additional 52,070 shares during the period. Capital Advisors Inc. OK purchased a new position in United Parcel Service during the second quarter worth about $26,059,000. Advisor OS LLC purchased a new position in United Parcel Service during the second quarter worth about $474,000. Finally, Handelsbanken Fonder AB purchased a new position in United Parcel Service during the second quarter worth about $17,602,000. Institutional investors and hedge funds own 55.67% of the company’s stock.

United Parcel Service Company Profile (NYSE:UPS)

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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