United Parcel Service (NYSE:UPS) Stock Price Down 1.5% - What's Next?

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

Analyst Ratings Changes

A number of analysts have issued reports on UPS shares. UBS Group cut their price target on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Raymond James Financial lowered their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Bank of America boosted their price objective on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Price Performance

The company has a 50-day simple moving average of $99.02 and a 200-day simple moving average of $109.43. The stock has a market cap of $86.66 billion, a PE ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

Institutional Trading of United Parcel Service

A number of hedge funds have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Finally, Citizens National Bank Trust Department raised its holdings in shares of 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 buying an additional 210 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

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.