United Parcel Service (NYSE:UPS) Stock Price Down 0.3%

United Parcel Service, Inc. (NYSE:UPS) fell 0.3% during trading on Friday . The stock traded as low as $134.44 and last traded at $135.12. 503,681 shares changed hands during trading, a decline of 87% from the average session volume of 4,003,727 shares. The stock had previously closed at $135.55.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPS. Bank of America raised their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Stifel Nicolaus reduced their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Performance

The company has a 50-day moving average price of $140.78 and a two-hundred day moving average price of $147.94. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $116.11 billion, a PE ratio of 19.58, a PEG ratio of 1.72 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

Institutional Investors Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $28,000. Northwest Financial Advisors bought a new position in United Parcel Service during the 4th quarter valued at approximately $28,000. Bourgeon Capital Management LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Security National Bank purchased a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company’s stock.

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.