United Parcel Service (NYSE:UPS) Stock Falls 1.9% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) shares traded down 1.9% during mid-day trading on Thursday. The company traded as low as $110.26 and last traded at $110.3680. 4,072,617 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 5,606,890 shares. The stock had previously closed at $112.45.

More United Parcel Service News

Here’s some of the latest news about UPS:

• Positive Sentiment: Analysts modestly raised fair-value estimates to about $115.46 from $112.54, citing UPS’s third-quarter earnings beat, improved business mix and productivity. The revisions suggest a somewhat stronger outlook, though analysts also debate how much progress is already reflected in the stock. UPS Stock Gets Fair Value Bump After Q3 Beat And Analyst Revisions
• Positive Sentiment: UPS is investing more than $80 million in a new air hub in the Philippines to expand its Asian network and serve changing regional trade routes. This could support long-term growth, although the investment will require capital and benefits may take time to emerge. UPS Opens $80 Million Philippines Air Hub As Asia Trade Shifts
• Negative Sentiment: UPS’s Teamsters contract expires in 2028. Supply-chain experts advise shippers to prepare alternate carrier relationships in case of labor disruption; the deadline is distant, but strike concerns could remain a longer-term operational risk. UPS’ Teamsters contract expires in 2028. Shippers should prepare now.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UPS shares. Sanford C. Bernstein dropped their target price on shares of United Parcel Service from $131.00 to $127.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. BNP Paribas Exane decreased their price target on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, September 30th. UBS Group boosted their price objective on shares of United Parcel Service from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Oppenheimer raised their target price on shares of United Parcel Service from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Finally, Barclays raised their target price on shares of United Parcel Service from $80.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $118.45.

United Parcel Service Trading Down 1.9%

The stock has a market cap of $93.90 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The firm has a 50-day moving average price of $100.25 and a 200-day moving average price of $104.76. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.24 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. The company had revenue of $22.85 billion for the quarter. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.28 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, November 16th. United Parcel Service’s dividend payout ratio is currently 126.15%.

Insider Activity at United Parcel Service

In other news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total transaction of $876,634.02. Following the sale, the insider owned 271 shares in the company, valued at $28,560.69. This represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently added to or reduced their stakes in UPS. Markowski Investments bought a new position in United Parcel Service in the 2nd quarter valued at approximately $30,000. Allied Private Wealth LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth $34,000. Legacy Wealth Managment LLC ID raised its stake in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Community Financial Services Group LLC raised its stake in shares of United Parcel Service by 170.1% in the second quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock worth $41,000 after purchasing an additional 233 shares during the last quarter. Finally, DiPaolo Financial Group Inc. purchased a new position in shares of United Parcel Service in the third quarter worth $35,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc. (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management. UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories. Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.