United Parcel Service (NYSE:UPS) Stock Price Down 0.2% – Time to Sell?

United Parcel Service, Inc. (NYSE:UPS)’s stock price dropped 0.2% during mid-day trading on Friday . The company traded as low as $96.44 and last traded at $96.72. Approximately 949,156 shares changed hands during trading, a decline of 81% from the average daily volume of 4,984,490 shares. The stock had previously closed at $96.95.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPS shares. Oppenheimer cut their target price on United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Hsbc Global Res cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, Barclays reduced their target price on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, March 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $120.87.

United Parcel Service Trading Down 1.1 %

The stock’s 50-day simple moving average is $104.28 and its two-hundred day simple moving average is $118.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $81.93 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the business posted $1.43 EPS. United Parcel Service’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.84%. United Parcel Service’s payout ratio is 95.63%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Sage Partners LLC lifted its stake in United Parcel Service by 4.8% in the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock worth $212,000 after purchasing an additional 77 shares in the last quarter. Quent Capital LLC lifted its position in shares of United Parcel Service by 16.7% in the fourth quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock worth $70,000 after buying an additional 80 shares in the last quarter. Gleason Group Inc. boosted its stake in United Parcel Service by 1.3% during the fourth quarter. Gleason Group Inc. now owns 6,660 shares of the transportation company’s stock valued at $840,000 after buying an additional 84 shares during the last quarter. Altus Wealth Group LLC increased its stake in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Finally, Empirical Asset Management LLC raised its holdings in shares of United Parcel Service by 0.8% during the 4th quarter. Empirical Asset Management LLC now owns 12,036 shares of the transportation company’s stock worth $1,518,000 after acquiring an additional 93 shares in the last quarter. 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.