United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s share price fell 0.2% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $183.00 to $179.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. United Parcel Service traded as low as $146.64 and last traded at $146.97. 972,945 shares were traded during mid-day trading, a decline of 78% from the average session volume of 4,356,057 shares. The stock had previously closed at $147.33.
UPS has been the topic of a number of other reports. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their target price for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Morgan Stanley raised their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday. HSBC decreased their target price on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Thursday. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, TD Cowen cut their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $165.23.
Insider Transactions at United Parcel Service
In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.
Institutional Trading of United Parcel Service
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Center for Financial Services purchased a new stake in United Parcel Service in the first quarter worth about $25,000. VisionPoint Advisory Group LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $25,000. IMA Wealth Inc. lifted its stake in shares of United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter worth approximately $27,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in United Parcel Service during the 4th quarter worth $26,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Price Performance
The firm has a fifty day simple moving average of $150.64 and a 200 day simple moving average of $152.25. The company has a market capitalization of $126.74 billion, a PE ratio of 19.10, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business posted $3.62 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 8.29 EPS for the current year.
United Parcel Service Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a $1.63 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.39%. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.
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.