United Parcel Service (NYSE:UPS) Stock Price Down 0.1% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) shares fell 0.1% on Monday . The company traded as low as $129.43 and last traded at $129.77. 4,260,034 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 3,680,905 shares. The stock had previously closed at $129.94.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Oppenheimer raised their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $110.74 billion, a PE ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a 50-day moving average price of $128.95 and a 200-day moving average price of $130.87.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.02%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Marshall Wace LLP boosted its holdings in United Parcel Service by 284.8% in the 2nd quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock worth $351,681,000 after acquiring an additional 1,901,914 shares during the period. Two Sigma Advisers LP grew its position in United Parcel Service by 833.4% in the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of United Parcel Service by 1,061.1% during the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after purchasing an additional 1,620,091 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Company Profile

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.