United Parcel Service (NYSE:UPS) Shares Down 0.8%

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price traded down 0.8% during mid-day trading on Wednesday . The stock traded as low as $145.37 and last traded at $146.33. 682,281 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,242,808 shares. The stock had previously closed at $147.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. HSBC upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating and raised their target price for the stock from $150.00 to $170.00 in a report on Thursday, April 25th. Robert W. Baird upgraded shares of United Parcel Service from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $165.00 to $170.00 in a report on Friday, February 16th. TheStreet upgraded shares of United Parcel Service from a "c" rating to a "b-" rating in a report on Tuesday, January 30th. BMO Capital Markets raised their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a "market perform" rating in a report on Wednesday, April 24th. Finally, UBS Group upgraded shares of United Parcel Service from a "neutral" rating to a "buy" rating and raised their target price for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $165.23.

United Parcel Service Trading Down 1.1 %

The stock has a market cap of $124.37 billion, a P/E ratio of 21.14, a PEG ratio of 1.70 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock's fifty day moving average price is $149.49 and its 200 day moving average price is $150.76.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts' expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company's quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 8.23 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.47%. United Parcel Service's dividend payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the 4th quarter worth about $26,000. OFI Invest Asset Management purchased a new position in United Parcel Service in the 3rd quarter worth about $25,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the 4th quarter worth about $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the 4th quarter worth about $28,000. Finally, Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.