United Parcel Service (NYSE:UPS) Stock Price Down 0.3%

United Parcel Service, Inc. (NYSE:UPS) shares dropped 0.3% on Friday . The stock traded as low as $134.44 and last traded at $135.12. Approximately 503,681 shares traded hands during trading, a decline of 87% from the average daily volume of 4,003,727 shares. The stock had previously closed at $135.55.

Analyst Ratings Changes

UPS has been the topic of several analyst reports. BMO Capital Markets increased their price target on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. Stifel Nicolaus dropped their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Wells Fargo & Company assumed coverage on United Parcel Service in a research report on Friday, June 7th. They set an “overweight” rating and a $156.00 target price on the stock. Finally, Bank of America raised their target price on United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock’s 50 day simple moving average is $140.78 and its two-hundred day simple moving average is $147.94. The firm has a market capitalization of $116.11 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business 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%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.80%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Institutional Trading of United Parcel Service

Several institutional investors have recently added to or reduced their stakes in UPS. International Assets Investment Management LLC grew its stake in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of United Parcel Service by 87.6% in the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Norges Bank acquired a new position in shares of United Parcel Service in the fourth quarter worth $1,128,322,000. First Trust Advisors LP grew its stake in shares of United Parcel Service by 208.1% in the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares in the last quarter. Finally, Spirepoint Private Client LLC acquired a new position in shares of United Parcel Service in the first quarter worth $160,787,000. 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.