United Parcel Service (NYSE:UPS) Shares Down 1.2% - Time to Sell?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price was down 1.2% on Friday . The stock traded as low as $104.13 and last traded at $104.24. Approximately 2,961,254 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 5,219,802 shares. The stock had previously closed at $105.54.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPS. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Susquehanna dropped their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Barclays decreased their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Finally, HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $119.29.

United Parcel Service Trading Down 1.2%

The firm has a 50 day moving average of $98.70 and a 200-day moving average of $110.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 1.86 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.29%. United Parcel Service's dividend payout ratio is 95.63%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the 4th quarter valued at about $26,000. Graybill Wealth Management LTD. bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $27,000. Finally, Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% during the 1st 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 owned by institutional investors and hedge funds.

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.

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