United Parcel Service (NYSE:UPS) Stock Price Down 1.9% - What's Next?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) was down 1.9% during mid-day trading on Monday . The company traded as low as $93.23 and last traded at $95.81. Approximately 2,423,112 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 4,712,371 shares. The stock had previously closed at $97.71.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. Citigroup decreased their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating on the stock in a research report on Tuesday. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Barclays decreased their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a report on Monday, March 31st. Finally, Baird R W lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $131.32.

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United Parcel Service Trading Down 0.1 %

The stock has a market capitalization of $82.43 billion, a P/E ratio of 14.26, a PEG ratio of 1.55 and a beta of 1.10. The stock's fifty day moving average price is $112.40 and its 200 day moving average price is $124.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $2.47 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. 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 6.80%. The ex-dividend date was Tuesday, February 18th. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $26,000. IFS Advisors LLC boosted its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter valued at approximately $27,000. Finally, Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth approximately $28,000. Institutional investors own 60.26% of the company's stock.

About United Parcel Service

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.