United Parcel Service (NYSE:UPS) Stock Price Down 1.2% - Here's Why

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) was down 1.2% on Friday . The company traded as low as $101.54 and last traded at $101.68. Approximately 676,887 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,234,150 shares. The stock had previously closed at $102.92.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UPS shares. Bank of America lifted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Truist Financial dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research report on Thursday, July 3rd. Raymond James Financial lowered their price objective on shares of 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. Finally, Wolfe Research lowered their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Trading Down 1.6%

The firm has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth 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. The firm's fifty day moving average is $99.42 and its 200-day moving average is $108.94.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's payout ratio is 95.63%.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $26,000. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth 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 first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

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.