United Parcel Service (NYSE:UPS) Stock Price Down 0.3% – What’s Next?

United Parcel Service, Inc. (NYSE:UPS) shares dropped 0.3% during trading on Wednesday . The company traded as low as $128.90 and last traded at $129.87. Approximately 726,130 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,155,546 shares. The stock had previously closed at $130.22.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent analyst reports. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer upped their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Citigroup decreased their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.29.

United Parcel Service Stock Down 0.2 %

The company has a market cap of $109.88 billion, a PE ratio of 19.40, a P/E/G ratio of 2.12 and a beta of 0.98. The firm has a 50-day simple moving average of $132.99 and a two-hundred day simple moving average of $132.85. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders 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 5.06%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in UPS. Logan Capital Management Inc. lifted its position in United Parcel Service by 11.9% during the third quarter. Logan Capital Management Inc. now owns 87,069 shares of the transportation company’s stock valued at $11,871,000 after buying an additional 9,250 shares in the last quarter. Inspire Trust Co. N.A. increased its position in shares of United Parcel Service by 27.0% during the third quarter. Inspire Trust Co. N.A. now owns 24,500 shares of the transportation company’s stock worth $3,340,000 after acquiring an additional 5,209 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of United Parcel Service by 15.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 83,104 shares of the transportation company’s stock valued at $11,330,000 after purchasing an additional 11,305 shares in the last quarter. Synovus Financial Corp boosted its stake in United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after acquiring an additional 6,941 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of United Parcel Service by 26.8% in the 3rd quarter. Tidal Investments LLC now owns 34,255 shares of the transportation company’s stock worth $4,670,000 after purchasing an additional 7,240 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.