United Parcel Service (NYSE:UPS) Trading Down 1.2%

Shares of United Parcel Service, Inc. (NYSE:UPS) dropped 1.2% on Monday . The stock traded as low as $125.80 and last traded at $126.55. Approximately 1,250,808 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 4,252,133 shares. The stock had previously closed at $128.06.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UPS shares. Susquehanna reduced their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Oppenheimer cut their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Barclays cut their target price on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Stifel Nicolaus lowered their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $154.95.

United Parcel Service Price Performance

The stock has a market cap of $105.53 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $135.76 and its 200-day simple moving average is $144.06.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.54 EPS. As a group, sell-side analysts forecast that United Parcel Service, Inc. will post 7.64 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.29%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently bought and sold shares of UPS. Bleakley Financial Group LLC grew its stake in shares of United Parcel Service by 25.8% during the fourth quarter. Bleakley Financial Group LLC now owns 28,445 shares of the transportation company’s stock valued at $4,472,000 after purchasing an additional 5,832 shares during the last quarter. Valley National Advisers Inc. boosted its stake in United Parcel Service by 9.2% in the fourth quarter. Valley National Advisers Inc. now owns 4,184 shares of the transportation company’s stock valued at $657,000 after acquiring an additional 351 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth $101,000. Hudson Canyon Capital Management raised its position in shares of United Parcel Service by 7.8% during the 4th quarter. Hudson Canyon Capital Management now owns 10,475 shares of the transportation company’s stock valued at $1,647,000 after acquiring an additional 754 shares during the last quarter. Finally, Tobam lifted its stake in shares of United Parcel Service by 26.0% in the 4th quarter. Tobam now owns 4,976 shares of the transportation company’s stock valued at $782,000 after purchasing an additional 1,026 shares during the period. 60.26% of the stock is 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.