United Parcel Service (NYSE:UPS) Shares Down 0.9%

United Parcel Service, Inc. (NYSE:UPS)’s share price dropped 0.9% on Friday . The stock traded as low as $143.52 and last traded at $143.52. Approximately 574,870 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,963,769 shares. The stock had previously closed at $144.76.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Susquehanna raised their target price on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Wells Fargo & Company assumed coverage on shares of United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 price target for the company. Finally, TD Cowen reduced their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.55.

United Parcel Service Trading Down 0.4 %

The business has a fifty day moving average of $139.44 and a 200-day moving average of $146.71. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $123.31 billion, a P/E ratio of 20.80, a PEG ratio of 1.89 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $2.20 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 8.15 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc purchased a new position in United Parcel Service in the fourth quarter worth $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter valued at $28,000. Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter worth $31,000. 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.