United Parcel Service (NYSE:UPS) Trading Down 0.3% - Should You Sell?

United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s stock price was down 0.3% on Monday . The company traded as low as $97.62 and last traded at $97.64. Approximately 1,630,731 shares were traded during trading, a decline of 66% from the average daily volume of 4,829,934 shares. The stock had previously closed at $97.91.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced 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. Loop Capital reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, Citigroup dropped their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average target price of $126.41.

United Parcel Service Price Performance

The company has a 50-day simple moving average of $108.58 and a 200-day simple moving average of $121.40. The stock has a market cap of $82.97 billion, a PE ratio of 14.37, a PEG ratio of 1.55 and a beta of 1.10. 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 quarterly earnings data 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the firm earned $2.47 EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.75%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's payout ratio is presently 97.04%.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in United Parcel Service by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.1% in the 4th 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 acquiring an additional 1,337,058 shares during the period. Geode Capital Management LLC grew its stake in United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after acquiring an additional 414,710 shares during the period. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the period. Finally, FMR LLC boosted its position in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. Institutional investors and hedge funds 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.

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