Shares of United Parcel Service, Inc. (NYSE:UPS – Get Free Report) were down 0.7% during mid-day trading on Thursday after Stephens lowered their price target on the stock from $168.00 to $140.00. Stephens currently has an equal weight rating on the stock. United Parcel Service traded as low as $127.52 and last traded at $127.57. Approximately 1,988,249 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 4,170,386 shares. The stock had previously closed at $128.53.
Several other equities research analysts have also recently weighed in on UPS. Oppenheimer cut their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday. Bank of America decreased their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday. BMO Capital Markets cut their price objective on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley raised their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $154.95.
Institutional Investors Weigh In On United Parcel Service
A number of hedge funds have recently modified their holdings of UPS. Gleason Group Inc. increased its position in United Parcel Service by 1.1% during the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. increased its position in United Parcel Service by 0.7% during the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of United Parcel Service by 1.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 7,193 shares of the transportation company’s stock valued at $1,142,000 after acquiring an additional 69 shares during the last quarter. Blackston Financial Advisory Group LLC increased its position in shares of United Parcel Service by 1.4% during the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of United Parcel Service by 2.2% during the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after acquiring an additional 70 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Trading Down 1.1 %
The firm has a market capitalization of $108.72 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 1.65 and a beta of 0.98. The business’s 50-day simple moving average is $138.50 and its two-hundred day simple moving average is $146.04. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.
United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 34.90%. The business had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the business posted $2.54 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 8.14 earnings per share for the current year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a yield of 5.13%. United Parcel Service’s dividend payout ratio is currently 94.49%.
United Parcel Service Company Profile
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.