United Parcel Service (NYSE:UPS) Stock Price Down 1.2% – What’s Next?

United Parcel Service, Inc. (NYSE:UPS) shares traded down 1.2% on Tuesday . The company traded as low as $97.28 and last traded at $97.54. 1,315,132 shares changed hands during trading, a decline of 73% from the average session volume of 4,799,023 shares. The stock had previously closed at $98.67.

Analyst Ratings Changes

Several equities research analysts have issued reports on UPS shares. Bank of America lowered their price target on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. UBS Group cut their price target on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Wells Fargo & Company cut their target price on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Loop Capital lowered their price target on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $131.32.

United Parcel Service Price Performance

The firm has a market cap of $82.60 billion, a P/E ratio of 14.30, a PEG ratio of 1.55 and a beta of 1.10. The business has a fifty day moving average of $111.84 and a 200 day moving average of $123.66. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the previous year, the firm posted $2.47 earnings per share. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.04%.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors have recently bought and sold shares of the company. Pacific Sage Partners LLC grew its stake in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares in the last quarter. Quent Capital LLC lifted its position in United Parcel Service by 16.7% in the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares during the last quarter. Gleason Group Inc. lifted its holdings in shares of United Parcel Service by 1.3% in the 4th quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock worth $840,000 after acquiring an additional 84 shares during the last quarter. Versant Capital Management Inc raised its position in United Parcel Service by 2.5% in the 4th quarter. Versant Capital Management Inc now owns 3,583 shares of the transportation company’s stock worth $452,000 after purchasing an additional 89 shares during the period. Finally, Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares during 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.