United Parcel Service (NYSE:UPS) Trading Down 3.1%

United Parcel Service, Inc. (NYSE:UPS)’s share price was down 3.1% during mid-day trading on Tuesday . The company traded as low as $132.03 and last traded at $132.15. Approximately 1,014,877 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 4,261,505 shares. The stock had previously closed at $136.34.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UPS shares. JPMorgan Chase & Co. dropped their target price on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Susquehanna dropped their price objective on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. UBS Group dropped their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Bank of America dropped their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, Oppenheimer dropped their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $114.35 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. The company’s fifty day moving average is $128.57 and its two-hundred day moving average is $138.24.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period last year, the firm earned $2.54 EPS. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s payout ratio is currently 94.49%.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently modified their holdings of the business. Aveo Capital Partners LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $218,000. Jones Financial Companies Lllp boosted its stake in United Parcel Service by 82.2% during the 4th quarter. Jones Financial Companies Lllp now owns 4,423 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 1,996 shares during the period. NEOS Investment Management LLC boosted its stake in United Parcel Service by 37.3% during the 4th quarter. NEOS Investment Management LLC now owns 10,224 shares of the transportation company’s stock valued at $1,608,000 after purchasing an additional 2,777 shares during the period. Kodai Capital Management LP acquired a new position in United Parcel Service during the 4th quarter valued at about $305,000. Finally, Rafferty Asset Management LLC boosted its stake in United Parcel Service by 1.9% during the 4th quarter. Rafferty Asset Management LLC now owns 74,924 shares of the transportation company’s stock valued at $11,780,000 after purchasing an additional 1,430 shares during the period. Institutional investors 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.