United Parcel Service (NYSE:UPS) Trading Down 1.8% - Should You Sell?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price traded down 1.8% during trading on Tuesday . The stock traded as low as $99.46 and last traded at $99.41. 1,576,685 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 5,023,078 shares. The stock had previously closed at $101.21.

Wall Street Analyst Weigh In

UPS has been the topic of several research reports. Robert W. Baird cut United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $160.00 to $130.00 in a research note on Friday, January 31st. Loop Capital cut their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Finally, Raymond James cut their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $120.87.

United Parcel Service Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $85.27 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.55 and a beta of 1.23. The stock's 50 day moving average price is $103.07 and its two-hundred day moving average price is $118.19.

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

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.5% during the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock valued at $7,274,323,000 after acquiring an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the period. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after buying an additional 414,710 shares during the period. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the period. Finally, FMR LLC lifted its stake in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 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.