Shares of United Parcel Service, Inc. (NYSE:UPS - Get Free Report) traded down 0.6% during trading on Wednesday . The stock traded as low as $96.56 and last traded at $96.98. 830,567 shares traded hands during trading, a decline of 84% from the average session volume of 5,092,634 shares. The stock had previously closed at $97.55.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Loop Capital dropped their price target on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets dropped their target price on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average price target of $120.26.
Read Our Latest Stock Report on United Parcel Service
United Parcel Service Price Performance
The business's 50 day moving average price is $101.68 and its 200 day moving average price is $117.11. The stock has a market capitalization of $81.96 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.84%. United Parcel Service's dividend payout ratio is presently 95.63%.
Institutional Trading of United Parcel Service
Large investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the fourth quarter valued at approximately $26,000. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. Finally, Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.
About United Parcel Service
(
Get Free Report)
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.
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