United Parcel Service (NYSE:UPS) Stock Falls 3% – What’s Next?

United Parcel Service, Inc. (NYSE:UPS)’s stock price dropped 3% during mid-day trading on Thursday. The stock traded as low as $110.48 and last traded at $110.8260. Approximately 7,687,887 shares were traded during mid-day trading, an increase of 37% from the average session volume of 5,623,053 shares. The stock had previously closed at $114.31.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of research reports. Stephens reduced their price objective on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein lowered their target price on United Parcel Service from $131.00 to $127.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. BMO Capital Markets increased their target price on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Finally, Oppenheimer boosted their price target on shares of United Parcel Service from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $118.45.

United Parcel Service Price Performance

The firm has a market cap of $94.29 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. The business has a 50 day simple moving average of $99.65 and a 200-day simple moving average of $104.68.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. The firm had revenue of $22.85 billion during the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. Equities research analysts expect that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, November 16th. This represents a $6.56 annualized dividend and a yield of 5.9%. United Parcel Service’s dividend payout ratio is 126.15%.

Insider Buying and Selling

In related news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the sale, the insider directly owned 271 shares of the company’s stock, valued at approximately $28,560.69. This represents a 96.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently bought and sold shares of the company. Bauman Advisory Group LLC lifted its position in shares of United Parcel Service by 1.1% during the third quarter. Bauman Advisory Group LLC now owns 8,865 shares of the transportation company’s stock valued at $828,000 after purchasing an additional 96 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in United Parcel Service by 48.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after purchasing an additional 101 shares in the last quarter. Wealth Alliance LLC grew its position in United Parcel Service by 3.5% in the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock worth $296,000 after purchasing an additional 102 shares in the last quarter. Texas Bank & Trust Co grew its position in United Parcel Service by 1.0% in the 1st quarter. Texas Bank & Trust Co now owns 10,286 shares of the transportation company’s stock worth $1,012,000 after purchasing an additional 106 shares in the last quarter. Finally, Midland Wealth Advisors LLC increased its stake in United Parcel Service by 3.8% in the 3rd quarter. Midland Wealth Advisors LLC now owns 2,996 shares of the transportation company’s stock valued at $280,000 after buying an additional 111 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.