United Parcel Service, Inc. (NYSE:UPS) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 13,824,400 shares, a decrease of 10.6% from the July 31st total of 15,460,300 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 3,390,000 shares, the days-to-cover ratio is currently 4.1 days.
UPS has been the subject of a number of analyst reports. Goldman Sachs Group initiated coverage on United Parcel Service in a research report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price target for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $114.00 price target on shares of United Parcel Service in a research report on Thursday, July 25th. Credit Suisse Group set a $119.00 price target on United Parcel Service and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Daiwa Capital Markets upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a research report on Monday, August 26th. Finally, Raymond James upped their price objective on United Parcel Service from $130.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $119.72.
Shares of NYSE UPS traded up $0.11 during mid-day trading on Friday, reaching $122.67. The company’s stock had a trading volume of 3,060,203 shares, compared to its average volume of 3,253,968. The firm has a market capitalization of $105.11 billion, a PE ratio of 16.94, a P/E/G ratio of 1.86 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day moving average of $117.12 and a two-hundred day moving average of $108.22. United Parcel Service has a 52 week low of $89.89 and a 52 week high of $123.63.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Monday, August 19th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, August 16th. United Parcel Service’s payout ratio is presently 53.04%.
Institutional investors have recently made changes to their positions in the stock. First National Corp MA ADV bought a new position in United Parcel Service during the first quarter valued at approximately $38,000. Capital Advisors Ltd. LLC boosted its stake in United Parcel Service by 65.0% during the second quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after buying an additional 117 shares during the last quarter. Whitener Capital Management Inc. boosted its stake in United Parcel Service by 75.0% during the first quarter. Whitener Capital Management Inc. now owns 350 shares of the transportation company’s stock valued at $39,000 after buying an additional 150 shares during the last quarter. Kavar Capital Partners LLC bought a new position in United Parcel Service during the second quarter valued at approximately $38,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in United Parcel Service during the second quarter valued at approximately $38,000. 55.57% of the stock is owned by institutional investors.
United Parcel Service Company Profile
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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