United Parcel Service (NYSE:UPS) Shares Down 0.3% on Analyst Downgrade

United Parcel Service, Inc. (NYSE:UPS) was down 0.3% on Monday after Bank of America lowered their price target on the stock from $160.00 to $158.00. Bank of America currently has a neutral rating on the stock. United Parcel Service traded as low as $143.69 and last traded at $144.71. Approximately 558,091 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,957,832 shares. The stock had previously closed at $145.18.

Several other equities analysts have also recently weighed in on UPS. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. TD Cowen dropped their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Finally, Oppenheimer increased their price objective on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.45.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners bought a new position in United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Northwest Financial Advisors bought a new position in United Parcel Service in the 4th quarter worth approximately $28,000. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

The company’s fifty day moving average is $139.40 and its 200 day moving average is $146.47. The company has a market capitalization of $124.21 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.86 and a beta of 0.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $2.20 EPS. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 8.15 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

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.