United Parcel Service (NYSE:UPS) Stock Price Down 1.5% - Should You Sell?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares fell 1.5% during mid-day trading on Monday . The stock traded as low as $102.52 and last traded at $102.57. 1,286,227 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 5,212,642 shares. The stock had previously closed at $104.13.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UPS. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial decreased their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service presently has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Stock Performance

The company has a market cap of $87.11 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. 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 stock's 50-day moving average price is $99.16 and its 200 day moving average price is $109.38.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Hedge Funds Weigh In On United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. bought a new position in United Parcel Service during the first quarter worth $37,000. Golden State Wealth Management LLC increased its position in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after acquiring an additional 599 shares during the period. CWA Asset Management Group LLC increased its position in United Parcel Service by 5.9% during the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after acquiring an additional 193 shares during the period. Advisor Resource Council bought a new position in United Parcel Service during the first quarter worth $437,000. Finally, Clark Capital Management Group Inc. increased its position in United Parcel Service by 14.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after acquiring an additional 1,440 shares during the period. 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.