United Parcel Service (NYSE:UPS) Shares Down 0.5%

Shares of United Parcel Service, Inc. (NYSE:UPS) fell 0.5% during trading on Tuesday . The stock traded as low as $134.96 and last traded at $135.27. 576,577 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 4,030,172 shares. The stock had previously closed at $135.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 27th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Wells Fargo & Company began coverage on shares of United Parcel Service in a research note on Friday, June 7th. They set an “overweight” rating and a $156.00 target price on the stock. Bank of America raised their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Susquehanna boosted their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Price Performance

The company’s 50-day simple moving average is $141.24 and its 200-day simple moving average is $148.12. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $115.90 billion, a PE ratio of 19.63, a P/E/G ratio of 1.71 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same period in the prior year, the business earned $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. 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 4.81%. United Parcel Service’s payout ratio is currently 94.49%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. Life Planning Partners Inc acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service during the fourth quarter worth about $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the fourth quarter worth about $31,000. Finally, Security National Bank purchased a new position in United Parcel Service in the fourth quarter valued at about $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.