United Parcel Service (NYSE:UPS) Stock Price Down 0.6%

United Parcel Service, Inc. (NYSE:UPS)’s stock price dropped 0.6% during trading on Tuesday . The stock traded as low as $127.11 and last traded at $127.84. Approximately 558,040 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 4,219,187 shares. The stock had previously closed at $128.55.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UPS shares. Evercore ISI lowered their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Barclays reduced their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Finally, Bank of America reduced their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Price Performance

The stock’s fifty day moving average price is $131.94 and its 200-day moving average price is $140.92. The firm has a market cap of $109.13 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.89 and a beta of 0.99. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Monday, August 19th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.12%. United Parcel Service’s payout ratio is currently 94.49%.

Insider Buying and Selling

In related news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently made changes to their positions in the stock. Northwest Financial Advisors purchased a new position in United Parcel Service in the 4th quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new position in United Parcel Service in the 4th quarter valued at approximately $31,000. Security National Bank purchased a new position in United Parcel Service in the 4th quarter valued at approximately $31,000. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $28,000. Finally, Stephens Consulting LLC raised its holdings in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.