United Parcel Service (NYSE:UPS) Shares Down 1.2% – Here’s What Happened

Shares of United Parcel Service, Inc. (NYSE:UPS) fell 1.2% on Tuesday . The stock traded as low as $117.63 and last traded at $117.86. 1,123,910 shares were traded during trading, a decline of 74% from the average session volume of 4,382,076 shares. The stock had previously closed at $119.26.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UPS. Citigroup lowered their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Susquehanna lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus dropped their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Trading Down 2.1 %

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market capitalization of $99.75 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The business has a fifty day simple moving average of $122.28 and a 200 day simple moving average of $128.03.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the business posted $2.47 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $1.64 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.62%. United Parcel Service’s dividend payout ratio is presently 97.04%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in United Parcel Service in the fourth quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $27,000. Finally, Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $28,000. 60.26% of the stock is currently owned by institutional investors.

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.