United Parcel Service (NYSE:UPS) Trading Down 0.2% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) dropped 0.2% on Thursday . The company traded as low as $132.04 and last traded at $133.38. Approximately 657,577 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,162,355 shares. The stock had previously closed at $133.68.

Analysts Set New Price Targets

UPS has been the subject of several recent research reports. Bank of America boosted their price target on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Price Performance

The firm has a market cap of $114.86 billion, a price-to-earnings ratio of 20.26, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50-day simple moving average is $132.50 and its two-hundred day simple moving average is $134.76.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the firm earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the second quarter valued at $28,000. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC grew its holdings in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. 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.