United Parcel Service (NYSE:UPS) Trading Down 1% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS)’s share price was down 1% on Monday . The company traded as low as $98.37 and last traded at $98.65. Approximately 1,569,415 shares traded hands during trading, a decline of 69% from the average daily volume of 5,079,903 shares. The stock had previously closed at $99.68.

Wall Street Analysts Forecast Growth

UPS has been the subject of several recent research reports. Morgan Stanley decreased their price objective on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Evercore ISI boosted their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Bank of America upped their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research decreased their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Hsbc Global Res cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.26.

United Parcel Service Stock Performance

The stock has a 50 day moving average of $102.36 and a two-hundred day moving average of $117.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market capitalization of $84.59 billion, a PE ratio of 14.65, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. United Parcel Service’s revenue was down .9% compared to the same quarter last year. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.62%. United Parcel Service’s payout ratio is 95.63%.

Institutional Trading of United Parcel Service

Several institutional investors have recently made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $27,000. Finally, Citizens National Bank Trust Department raised its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.