United Parcel Service (NYSE:UPS) Trading Down 0.8%

Shares of United Parcel Service, Inc. (NYSE:UPS) fell 0.8% during trading on Wednesday . The stock traded as low as $145.37 and last traded at $146.33. 682,281 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,242,808 shares. The stock had previously closed at $147.48.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. Raymond James cut their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. Susquehanna lifted their price objective on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Morgan Stanley lifted 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 note on Wednesday, March 27th. Finally, TD Cowen dropped 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 report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $165.23.

United Parcel Service Trading Down 0.5 %

The company has a market cap of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.67 and a beta of 1.05. The business has a fifty day simple moving average of $149.44 and a 200 day simple moving average of $150.74. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. MWA Asset Management purchased a new stake in shares of United Parcel Service in the third quarter valued at $2,125,000. Chesapeake Wealth Management boosted its stake in shares of United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares during the last quarter. Cerity Partners LLC raised its position in shares of United Parcel Service by 13.1% in the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its stake in shares of United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 686 shares during the period. Finally, Telos Capital Management Inc. boosted its position in United Parcel Service by 1.0% during the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.