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

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 1% during trading on Tuesday . The company traded as low as $133.10 and last traded at $133.76. 421,905 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 4,152,087 shares. The stock had previously closed at $135.13.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Susquehanna boosted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. TD Cowen started coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target for the company. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Bank of America boosted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Stock Down 0.8 %

The company’s 50-day moving average is $132.77 and its 200 day moving average is $134.40. The company has a market capitalization of $112.70 billion, a PE ratio of 19.95, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm posted $1.57 EPS. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s dividend payout ratio is currently 98.49%.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently bought and sold shares of UPS. State Street Corp lifted its stake in shares of United Parcel Service by 2.1% in the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Geode Capital Management LLC lifted its stake in shares of United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. International Assets Investment Management LLC lifted its stake in shares of United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Finally, FMR LLC raised its stake in United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after acquiring an additional 380,229 shares during the period. 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.