United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price traded down 0.9% during mid-day trading on Friday after Truist Financial lowered their price target on the stock from $140.00 to $130.00. Truist Financial currently has a buy rating on the stock. United Parcel Service traded as low as $97.13 and last traded at $98.05. 1,005,743 shares were traded during mid-day trading, a decline of 79% from the average session volume of 4,814,177 shares. The stock had previously closed at $98.92.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Morgan Stanley dropped their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Robert W. Baird downgraded United Parcel Service from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, Galvan Research decreased their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $126.41.
Read Our Latest Stock Report on UPS
Institutional Trading of United Parcel Service
A number of institutional investors have recently modified their holdings of UPS. Norges Bank acquired a new position in United Parcel Service during the fourth quarter worth $1,075,393,000. Raymond James Financial Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth about $393,680,000. Franklin Resources Inc. grew its holdings in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp raised its holdings in United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after acquiring an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.
United Parcel Service Stock Performance
The stock has a market capitalization of $83.59 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.55 and a beta of 1.10. The stock has a 50 day simple moving average of $108.58 and a two-hundred day simple moving average of $121.40. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.
United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm earned $2.47 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.70%. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is 97.04%.
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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