United Parcel Service (NYSE:UPS) Trading Down 1.5% - Here's Why

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price was down 1.5% on Monday . The stock traded as low as $99.87 and last traded at $99.76. Approximately 992,184 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 5,241,320 shares. The stock had previously closed at $101.27.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UPS shares. Truist Financial reduced their target price on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Citigroup raised their target price on shares of United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Bank of America raised their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Barclays reduced 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 report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $119.13.

United Parcel Service Stock Down 1.1%

The business's fifty day moving average price is $99.51 and its 200 day moving average price is $108.63. The firm has a market capitalization of $84.78 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its 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. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.55%. United Parcel Service's payout ratio is 95.63%.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently modified their holdings of UPS. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in United Parcel Service in the 4th quarter valued at $30,000. 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.