United Parcel Service (NYSE:UPS) Shares Down 1.2%

Shares of United Parcel Service, Inc. (NYSE:UPS) dropped 1.2% during trading on Monday . The company traded as low as $125.80 and last traded at $126.55. Approximately 1,250,808 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 4,252,133 shares. The stock had previously closed at $128.06.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Susquehanna reduced their price target on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Evercore ISI reduced their price target on shares of 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. Finally, Barclays cut their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $154.95.

United Parcel Service Stock Down 1.6 %

The firm has a market capitalization of $107.80 billion, a P/E ratio of 18.34, a P/E/G ratio of 1.77 and a beta of 0.98. The stock has a fifty day moving average price of $136.28 and a two-hundred day moving average price of $144.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.54 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.64 EPS for the current year.

Insider Activity

In related news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the 4th quarter valued at approximately $26,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Security National Bank bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. 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.