United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s share price traded down 0.1% during mid-day trading on Monday . The company traded as low as $135.84 and last traded at $136.20. 403,547 shares were traded during trading, a decline of 90% from the average session volume of 3,997,569 shares. The stock had previously closed at $136.35.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Evercore ISI reduced their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. Oppenheimer lifted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Morgan Stanley lifted their target price on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday, March 27th. Finally, Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine 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 presently has a consensus rating of “Hold” and an average 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 firm has a fifty day simple moving average of $140.55 and a two-hundred day simple moving average of $147.60. The firm has a market cap of $115.95 billion, a PE ratio of 19.66, a PEG ratio of 1.73 and a beta of 0.98.
United Parcel Service (NYSE:UPS – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $2.20 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.
Institutional Investors Weigh In On United Parcel Service
Several institutional investors have recently modified their holdings of UPS. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the fourth quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the fourth quarter worth $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the fourth quarter worth $28,000. Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $31,000. Finally, Security National Bank bought a new position in shares of United Parcel Service in the fourth quarter worth about $31,000. 60.26% of the stock is owned by institutional investors.
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.