United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price was down 0.5% during mid-day trading on Tuesday . The company traded as low as $98.15 and last traded at $98.66. Approximately 796,267 shares changed hands during trading, a decline of 84% from the average daily volume of 5,082,866 shares. The stock had previously closed at $99.11.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on UPS. Oppenheimer reduced their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Susquehanna reduced their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Barclays lowered their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. cut their price target on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Wolfe Research decreased their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and an average price target of $120.26.
Check Out Our Latest Stock Report on United Parcel Service
United Parcel Service Stock Down 0.2%
The firm has a market cap of $80.98 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company's 50-day simple moving average is $101.26 and its 200 day simple moving average is $116.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.
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, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm's revenue was down .9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.
Institutional Trading of United Parcel Service
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Onyx Bridge Wealth Group LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $461,000. Allspring Global Investments Holdings LLC raised its position in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its stake in United Parcel Service by 42.5% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after purchasing an additional 10,176 shares during the last quarter. PUREfi Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth about $737,000. Finally, TFG Advisers LLC boosted its position in shares of United Parcel Service by 5.1% during the fourth quarter. TFG Advisers LLC now owns 7,800 shares of the transportation company's stock valued at $984,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.
About United Parcel Service
(
Get Free Report)
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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