United Parcel Service (NYSE:UPS) Trading Down 0.1% – Time to Sell?

by · The Cerbat Gem

United Parcel Service, Inc. (NYSE:UPS – Get Free Report)’s share price dropped 0.1% during trading on Wednesday . The stock traded as low as $133.88 and last traded at $134.15. Approximately 565,522 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 4,197,090 shares. The stock had previously closed at $134.31.

Analysts Set New Price Targets

UPS has been the topic of several research reports. Susquehanna boosted their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Citigroup began coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target for the company. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer raised their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

View Our Latest Research Report on UPS

United Parcel Service Stock Performance

The business has a 50 day moving average price of $131.12 and a two-hundred day moving average price of $135.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The company has a market cap of $114.68 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report) last posted 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 return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.87%. United Parcel Service’s payout ratio is presently 98.49%.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently made changes to their positions in the company. Blackston Financial Advisory Group LLC boosted its position in United Parcel Service by 1.4% in the second quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares during the period. Legacy Wealth Asset Management LLC grew its position in shares of United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after acquiring an additional 73 shares during the period. Cigna Investments Inc. New raised its holdings in United Parcel Service by 1.0% in the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the period. Finally, Gleason Group Inc. lifted its position in United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Company Profile

(Get Free Report)

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.

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