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

United Parcel Service, Inc. (NYSE:UPS)’s share price dropped 0.5% on Tuesday . The company traded as low as $134.96 and last traded at $135.27. Approximately 576,577 shares changed hands during trading, a decline of 86% from the average daily volume of 4,030,172 shares. The stock had previously closed at $135.95.

Analyst Ratings Changes

UPS has been the topic of a number of recent analyst reports. Wells Fargo & Company began coverage on United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price objective on the stock. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Susquehanna increased their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Oppenheimer boosted their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Up 0.4 %

The company has a market cap of $115.90 billion, a P/E ratio of 19.63, a PEG ratio of 1.71 and a beta of 0.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $141.24 and a 200 day moving average price of $148.12.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders 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 annualized dividend and a dividend yield of 4.81%. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after buying an additional 64 shares during the period. First Financial Corp IN boosted its position in United Parcel Service by 24.2% in the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. grew its stake in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the period. Cullen Investment Group LTD. lifted its stake in shares of United Parcel Service by 0.7% in the 1st 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 period. Finally, Advisors Capital Management LLC boosted its holdings in shares of United Parcel Service by 0.5% in the third quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 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.