United Parcel Service (NYSE:UPS) Shares Down 0.3% – Time to Sell?

United Parcel Service, Inc. (NYSE:UPSGet Free Report)’s share price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $131.25 and last traded at $132.53. 685,801 shares changed hands during trading, a decline of 84% from the average session volume of 4,323,071 shares. The stock had previously closed at $132.87.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI boosted their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Barclays reaffirmed an “underweight” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Susquehanna increased their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.24.

Check Out Our Latest Research Report on UPS

United Parcel Service Stock Down 0.5 %

The stock’s fifty day moving average is $128.97 and its two-hundred day moving average is $130.84. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $113.48 billion, a PE ratio of 20.09, a P/E/G ratio of 1.86 and a beta of 1.00.

United Parcel Service (NYSE:UPSGet Free Report) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently modified their holdings of the company. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC boosted its position in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the period. PSI Advisors LLC grew its holdings in United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service during the third quarter valued at about $36,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

About United Parcel Service

(Get Free Report)

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.

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