United Parcel Service (NYSE:UPS) Stock Price Down 0.6%

Shares of United Parcel Service, Inc. (NYSE:UPS) were down 0.6% during mid-day trading on Tuesday . The stock traded as low as $127.11 and last traded at $127.84. Approximately 558,040 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 4,219,187 shares. The stock had previously closed at $128.55.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company decreased their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus decreased their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays decreased their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Trading Down 1.2 %

The company has a 50-day moving average of $131.94 and a 200 day moving average of $140.92. The company has a market cap of $109.13 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its 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 net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter last year, the firm earned $2.54 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.12%. United Parcel Service’s payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

A number of large investors have recently bought and sold shares of UPS. Wellington Management Group LLP increased its position in shares of United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares in the last quarter. Norges Bank acquired a new position in shares of United Parcel Service during the fourth quarter worth $1,128,322,000. Marshall Wace LLP increased its position in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after purchasing an additional 1,901,914 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock valued at $270,025,000 after buying an additional 1,160,005 shares during the last quarter. Finally, Spirepoint Private Client LLC purchased a new stake in shares of United Parcel Service during the first quarter valued at $160,787,000. Institutional investors own 60.26% of the company’s stock.

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.