United Parcel Service (NYSE:UPS) Trading Down 0.1%

Shares of United Parcel Service, Inc. (NYSE:UPS) were down 0.1% on Wednesday . The company traded as low as $146.40 and last traded at $147.14. Approximately 551,834 shares changed hands during trading, a decline of 86% from the average daily volume of 3,975,200 shares. The stock had previously closed at $147.33.

Analyst Ratings Changes

A number of analysts have recently weighed in on UPS shares. TD Cowen decreased their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Wells Fargo & Company started coverage on shares of United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 price target for the company. BMO Capital Markets raised their price target on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. Finally, Morgan Stanley raised their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

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 $125.83 billion, a P/E ratio of 21.32, a PEG ratio of 1.84 and a beta of 0.98. The business has a 50 day simple moving average of $139.52 and a 200-day simple moving average of $146.72.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $2.20 earnings per share. Analysts predict that United Parcel Service, Inc. will post 8.16 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Financial Corp IN raised its stake in shares of United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares in the last quarter. Cullen Investment Group LTD. raised its stake in shares of United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of United Parcel Service by 1.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after purchasing an additional 69 shares in the last quarter. Finally, Bangor Savings Bank raised its position in United Parcel Service by 1.3% in the fourth quarter. Bangor Savings Bank now owns 5,319 shares of the transportation company’s stock worth $836,000 after acquiring an additional 70 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

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.