United Parcel Service (NYSE:UPS) Stock Price Down 0.5% After Analyst Downgrade

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares traded down 0.5% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $140.00 to $139.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. United Parcel Service traded as low as $136.27 and last traded at $136.73. 597,212 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,203,823 shares. The stock had previously closed at $137.43.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company boosted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Baird R W upgraded shares of United Parcel Service to a "strong-buy" rating in a research report on Wednesday, July 24th. UBS Group decreased their target price on shares of United Parcel Service from $175.00 to $159.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets decreased their target price 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. Finally, The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of "Moderate Buy" and a consensus target price of $151.71.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently made changes to their positions in the company. Blackston Financial Advisory Group LLC lifted its position in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company's stock valued at $694,000 after acquiring an additional 69 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company's stock worth $519,000 after buying an additional 73 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in United Parcel Service by 0.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company's stock worth $1,269,000 after buying an additional 73 shares in the last quarter. Cigna Investments Inc. New lifted its position in United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company's stock worth $1,024,000 after buying an additional 75 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in United Parcel Service by 8.6% in the 1st quarter. MV Capital Management Inc. now owns 969 shares of the transportation company's stock worth $144,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Down 1.5 %

The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market cap of $115.93 billion, a PE ratio of 20.44, a P/E/G ratio of 2.03 and a beta of 0.99. The business's 50-day simple moving average is $130.89 and its 200-day simple moving average is $135.90.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company's revenue was up 5.4% compared to the same quarter last year. As a group, analysts expect that United Parcel Service, Inc. will post 7.41 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.82%. United Parcel Service's dividend payout ratio (DPR) is 98.49%.

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.