United Parcel Service (NYSE:UPS) Trading Down 0.3% - What's Next?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price traded down 0.3% during trading on Friday . The company traded as low as $122.76 and last traded at $123.51. 884,128 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,896,372 shares. The stock had previously closed at $123.87.

Wall Street Analyst Weigh In

Several research firms have issued reports on UPS. Barclays restated an "underweight" rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Stifel Nicolaus increased their target price on United Parcel Service from $151.00 to $156.00 and gave the company a "buy" rating in a report on Friday, October 25th. UBS Group lifted their price target on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Finally, Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $151.10.

United Parcel Service Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $105.64 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.11 and a beta of 0.98. The business has a fifty day simple moving average of $130.73 and a 200-day simple moving average of $131.69.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the business earned $1.57 EPS. United Parcel Service's quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.27%. United Parcel Service's payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock valued at $29,000 after acquiring an additional 171 shares during the period. Princeton Global Asset Management LLC lifted its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company's stock valued at $34,000 after purchasing an additional 216 shares during the period. PSI Advisors LLC boosted its holdings in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. FSA Wealth Management LLC bought a new stake in United Parcel Service in the 3rd quarter worth approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in United Parcel Service during the 3rd quarter valued at $54,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.