United Parcel Service, Inc. (NYSE:UPS – Get Free Report) saw some unusual options trading activity on Friday. Traders acquired 74,917 call options on the stock. This represents an increase of 200% compared to the average volume of 24,960 call options.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in UPS. Potomac Fund Management Inc. ADV lifted its holdings in United Parcel Service by 0.8% during the 4th quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company’s stock worth $1,123,000 after buying an additional 90 shares in the last quarter. Ipsen Advisor Group LLC grew its stake in shares of United Parcel Service by 1.7% in the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company’s stock worth $562,000 after acquiring an additional 95 shares in the last quarter. Peoples Financial Services CORP. grew its stake in shares of United Parcel Service by 2.5% in the fourth quarter. Peoples Financial Services CORP. now owns 4,030 shares of the transportation company’s stock worth $400,000 after acquiring an additional 100 shares in the last quarter. Argyle Capital Management LLC increased its position in shares of United Parcel Service by 0.4% during the fourth quarter. Argyle Capital Management LLC now owns 27,505 shares of the transportation company’s stock worth $2,728,000 after acquiring an additional 100 shares during the period. Finally, Spurstone Advisory Services LLC increased its position in shares of United Parcel Service by 2.7% during the fourth quarter. Spurstone Advisory Services LLC now owns 3,742 shares of the transportation company’s stock worth $371,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Down 1.0%
UPS opened at $104.53 on Friday. United Parcel Service has a 52 week low of $82.00 and a 52 week high of $122.41. The business has a fifty day simple moving average of $108.88 and a 200-day simple moving average of $106.51. The firm has a market cap of $88.85 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.91 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. United Parcel Service’s dividend payout ratio is 121.93%.
Analyst Ratings Changes
A number of analysts have recently issued reports on UPS shares. Susquehanna raised their price target on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. BMO Capital Markets increased their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Stephens cut their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Weiss Ratings downgraded United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. Finally, Stifel Nicolaus increased their price target on United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.41.
Get Our Latest Research Report on UPS
United Parcel Service Company Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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