United Parcel Service (NYSE:UPS) Trading Down 0%

Shares of United Parcel Service, Inc. (NYSE:UPS) fell 0% on Wednesday . The stock traded as low as $126.07 and last traded at $126.46. 355,610 shares traded hands during trading, a decline of 92% from the average session volume of 4,240,518 shares. The stock had previously closed at $126.49.

Analysts Set New Price Targets

A number of research firms have commented on UPS. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Robert W. Baird cut their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer dropped their price objective 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. Finally, Bank of America lowered their price target on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average price is $134.61 and its two-hundred day moving average price is $142.88. The firm has a market cap of $108.22 billion, a PE ratio of 18.33, a P/E/G ratio of 1.75 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the prior year, the company earned $2.54 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.59 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Monday, August 19th. 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 acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service during the 4th quarter worth approximately $26,000. Northwest Financial Advisors bought a new stake in United Parcel Service in the fourth quarter valued at $28,000. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $31,000. Finally, Security National Bank bought a new position in United Parcel Service in the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.