United Parcel Service (NYSE:UPS) Trading Down 1.2% on Analyst Downgrade

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price was down 1.2% on Thursday after Barclays lowered their price target on the stock from $90.00 to $80.00. Barclays currently has an underweight rating on the stock. United Parcel Service traded as low as $85.76 and last traded at $86.09. Approximately 3,947,599 shares traded hands during trading, a decline of 36% from the average daily volume of 6,148,066 shares. The stock had previously closed at $87.18.

Several other brokerages have also issued reports on UPS. Argus decreased their price target on United Parcel Service from $150.00 to $120.00 in a research note on Friday, May 23rd. Daiwa America lowered their target price on United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Citigroup reduced their price target on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research note on Tuesday, July 1st. Finally, Bernstein Bank boosted their target price on shares of United Parcel Service from $132.00 to $133.00 in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $112.81.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the 1st quarter valued at $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in United Parcel Service during the 2nd quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The business's fifty day moving average price is $99.53 and its 200-day moving average price is $106.42. The stock has a market capitalization of $72.73 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.51 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.79 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's dividend payout ratio (DPR) is 97.62%.

About United Parcel Service

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.