Stock traders buy large volume of put options on United Parcel Service (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS – Get Rating) was the recipient of some unusual options trades on Friday. Investors bought 25,077 put options on the company. This represents an increase of approximately 46% from the average daily volume of 17,189 put options.

Changes to analyst ratings

A number of brokerages have recently released reports on UPS. Raymond James reduced his price target on United Parcel Service from $250.00 to $225.00 in a Friday, July 15 research report. Evercore ISI reaffirmed an “outperform” rating and set a price target of $227.00 (vs. $255.00) on United Parcel Service stock in a Tuesday, July 12 research report. Citigroup cut its price target on United Parcel Service from $240.00 to $210.00 and set a “buy” rating on the stock in a Tuesday, July 19 research report. Daiwa Capital Markets raised its price target on United Parcel Service to $207.00 and gave the stock an “outperform” rating in a Wednesday, July 27 research report. Finally, Wolfe Research downgraded United Parcel Service from a “peer performing” rating to an “underperforming” rating in a Tuesday, July 12 research report. Two equity research analysts gave the stock a sell rating, ten issued a hold rating, fourteen gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.82.

United Parcel Service price performance

UPS stock traded at $8.92 at midday on Friday, hitting $176.08. The company’s stock had a trading volume of 312,858 shares, compared to an average trading volume of 2,313,277 shares. The stock has a market capitalization of $152.96 billion, a PE ratio of 14.24, a P/E/G ratio of 1.68 and a beta of 1.07. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt ratio of 1.10. United Parcel Service has a fifty-two week minimum of $165.34 and a fifty-two week maximum of $233.72. The company’s 50-day moving average is $194.28 and its two-hundred-day moving average is $191.70.

United Parcel Service (NYSE:UPS – Get Rating) last released quarterly earnings data on Tuesday, July 26. The transportation company reported EPS of $3.29 for the quarter, beating consensus analyst estimates of $3.14 by $0.15. The company posted revenue of $24.80 billion in the quarter, versus a consensus estimate of $24.59 billion. United Parcel Service achieved a net margin of 10.92% and a return on equity of 76.43%. United Parcel Service quarterly revenue increased 5.9% year over year. In the same quarter of the previous year, the company achieved EPS of $3.06. Equity research analysts expect United Parcel Service to post EPS of 12.85 for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1. Shareholders of record on Monday, August 15 received a dividend of $1.52 per share. The ex-dividend date was Friday, August 12. This represents a dividend of $6.08 on an annualized basis and a dividend yield of 3.45%. United Parcel Service’s dividend payout ratio is currently 48.84%.

Insider activity at United Parcel Service

In related news, insider Kathleen M. Gutmann sold 21,307 shares of the company in a trade that took place on Thursday, August 11. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the completion of the sale, the insider now owns 102,591 shares of the company, valued at $20,980,885.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. In other United Parcel Service news, CMO Kevin M. Warren sold 23,366 shares of the company in a trade on Tuesday, August 2. The stock was sold at an average price of $193.31, for a total transaction of $4,516,881.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, insider Kathleen M. Gutmann sold 21,307 shares of the company in a trade on Thursday, August 11. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the sale, the insider now owns 102,591 shares of the company, valued at approximately $20,980,885.41. The disclosure of this sale can be found here. 0.12% of the shares are held by insiders of the company.

United Parcel Service Institutional Trade

A number of hedge funds and other institutional investors have recently changed their positions in UPS. Cordant Inc. acquired a new stake in United Parcel Service in Q1 worth approximately $26,000. Worth Asset Management LLC acquired a new stake in United Parcel Service in Q1 worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in United Parcel Service in Q1 worth approximately $30,000. Crewe Advisors LLC acquired a new stake in United Parcel Service in Q1 worth approximately $31,000. Finally, Bivin & Associates Inc. acquired a new stake in United Parcel Service in Q4 valued at approximately $32,000. Institutional investors and hedge funds own 59.60% of the company’s shares.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics and related services. It operates through two segments, US Domestic Package and International Package. The United States Domestic Parcel segment offers time-definite delivery of letters, documents, small packages and palletized freight via air and ground services in the United States.

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