United Parcel Service (NYSE:UPS) Trading Down 0.1% - Time to Sell?

Shares of United Parcel Service, Inc. (NYSE:UPS - Get Free Report) traded down 0.1% during trading on Wednesday . The stock traded as low as $93.20 and last traded at $93.72. 1,182,233 shares traded hands during trading, a decline of 76% from the average session volume of 4,960,387 shares. The stock had previously closed at $93.81.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. Galvan Research lowered their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Raymond James cut their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reduced their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Citigroup lowered their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $120.87.

United Parcel Service Stock Up 0.2 %

The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market cap of $80.30 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The stock's 50-day moving average is $105.64 and its 200-day moving average is $119.58.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company's revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of UPS. 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 shares of United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the 4th quarter worth about $27,000. IFS Advisors LLC boosted its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the 4th quarter worth $28,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.