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

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays restated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Stock Performance

The firm has a market capitalization of $113.47 billion, a PE ratio of 20.08, a PEG ratio of 1.82 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $128.92 and a 200 day moving average of $130.83.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business earned $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.49 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.90%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the 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 in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently made changes to their positions in UPS. True Wealth Design LLC increased its stake in United Parcel Service by 397.7% in the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares during the period. IFS Advisors LLC increased its stake in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC raised its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. PSI Advisors LLC boosted its position in United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service in the 3rd quarter worth $36,000. Hedge funds and other institutional investors 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.