United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shares fell 0.1% during trading on Wednesday . The stock traded as low as $133.88 and last traded at $134.15. 565,522 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,197,090 shares. The stock had previously closed at $134.31.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Citigroup started coverage on United Parcel Service in a research note on Wednesday, October 9th. They set a "buy" rating and a $162.00 target price on the stock. Bank of America raised their price target on United Parcel Service from $132.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Finally, Barclays restated an "underweight" rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.71.
Read Our Latest Research Report on UPS
United Parcel Service Trading Down 0.4 %
The firm has a market cap of $114.60 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.03 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $131.24 and a 200 day moving average price of $135.72.
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 for the quarter, beating the consensus estimate 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 business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same quarter last year, the company earned $1.57 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.41 earnings per share for the current fiscal year.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, August 19th. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.
Hedge Funds Weigh In On United Parcel Service
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service during the 2nd quarter worth approximately $28,000. Riverview Trust Co purchased a new stake in United Parcel Service in the 2nd quarter valued at $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company's stock valued at $32,000 after acquiring an additional 175 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company's stock valued at $34,000 after acquiring an additional 155 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock valued at $34,000 after acquiring an additional 200 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.
About United Parcel Service
(
Get Free Report)
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.
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