United Parcel Service (NYSE:UPS) Stock Price Down 1.5% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS)’s stock price fell 1.5% on Monday . The company traded as low as $102.52 and last traded at $102.57. 1,286,227 shares changed hands during trading, a decline of 75% from the average session volume of 5,212,642 shares. The stock had previously closed at $104.13.

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Wolfe Research reduced their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reissued an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research note on Thursday. Citigroup decreased their target price on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Raymond James Financial cut their price target on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $119.29.

United Parcel Service Stock Performance

The company has a market capitalization of $85.92 billion, a P/E ratio of 14.78, a PEG ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average price of $98.83 and a two-hundred day moving average price of $109.66.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.47%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is presently 95.63%.

Institutional Trading of United Parcel Service

Several institutional investors have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service during the first quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $27,000. Finally, Citizens National Bank Trust Department raised its position in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after purchasing an additional 210 shares during the period. 60.26% of the stock is currently owned by institutional investors.

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.