Shares of United Parcel Service, Inc. (NYSE:UPS – Get Free Report) rose 1.3% during trading on Wednesday. The stock traded as high as $112.64 and last traded at $112.5010. Approximately 3,309,166 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 5,613,891 shares. The stock had previously closed at $111.05.
Latest United Parcel Service News
Here’s some of the latest news about UPS:
- Positive Sentiment: UPS is investing more than $80 million in an air hub at Clark International Airport in the Philippines. The facility is intended to strengthen its regional network and serve shifting intra-Asia trade and manufacturing routes, potentially supporting future logistics business. Article: United Parcel Service (UPS) Opens $80 Million Philippines Air Hub As Asia Trade Shifts
- Positive Sentiment: Investors bought 33,857 UPS call options Wednesday, about 40% above the average daily volume. This may reflect increased bullish bets, though options activity does not guarantee a stock move.
- Neutral Sentiment: UPS has sued U.S. Customs and Border Protection over tariff refunds that its automated system cannot process without a court order. Any refunds could benefit the company, but the article does not specify the amount or timing, and the legal process creates uncertainty. Article: UPS Takes CBP to Court Over Tariff Refunds
Analyst Upgrades and Downgrades
Several brokerages have weighed in on UPS. Truist Financial lifted their price objective on shares of United Parcel Service from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Oppenheimer increased their target price on shares of United Parcel Service from $117.00 to $119.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 28th. Weiss Ratings raised shares of United Parcel Service from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Stifel Nicolaus lifted their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein cut their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $118.45.
View Our Latest Analysis on United Parcel Service
United Parcel Service Price 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 capitalization of $95.71 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 1.99 and a beta of 0.98. The business’s 50 day simple moving average is $100.05 and its 200-day simple moving average is $104.73.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 earnings per share for the quarter. The company had revenue of $22.85 billion during the quarter. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. On average, research analysts forecast that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Monday, November 16th will be paid a dividend of $1.64 per share. 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 is presently 126.15%.
Insider Buying and Selling at United Parcel Service
In other United Parcel Service news, insider Matthew Guffey sold 8,318 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the sale, the insider owned 271 shares of the company’s stock, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Institutional Trading of United Parcel Service
Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in United Parcel Service by 262.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,046,707 shares of the transportation company’s stock worth $327,521,000 after purchasing an additional 2,206,666 shares in the last quarter. Bank of America Corp DE boosted its position in shares of United Parcel Service by 23.3% during the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after purchasing an additional 1,836,651 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $192,304,000. Cullen Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $178,071,000. Finally, First Trust Advisors LP increased its stake in shares of United Parcel Service by 37.4% in the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after acquiring an additional 988,442 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.
About United Parcel Service
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.
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