United Parcel Service (NYSE:UPS) Stock Price Down 0.5% – Here’s Why

United Parcel Service, Inc. (NYSE:UPS) fell 0.5% on Tuesday . The company traded as low as $124.50 and last traded at $125.17. 480,171 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 4,215,281 shares. The stock had previously closed at $125.75.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Finally, Evercore ISI boosted their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

United Parcel Service Trading Up 0.4 %

The company has a fifty day simple moving average of $132.07 and a two-hundred day simple moving average of $132.23. The stock has a market capitalization of $107.75 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.16%. United Parcel Service’s payout ratio is 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds have recently modified their holdings of UPS. True Wealth Design LLC increased its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the period. Tortoise Investment Management LLC increased its stake in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. PSI Advisors LLC lifted its holdings in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 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.