United Parcel Service (NYSE:UPS) Stock Price Down 0.4% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) was down 0.4% on Monday . The company traded as low as $132.03 and last traded at $133.57. Approximately 702,678 shares changed hands during trading, a decline of 83% from the average daily volume of 4,153,856 shares. The stock had previously closed at $134.07.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UPS. Stephens cut their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus increased 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. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. TD Cowen started coverage on United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Finally, The Goldman Sachs Group lowered their target price on 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, eight have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.52.

United Parcel Service Price Performance

The firm has a market capitalization of $115.40 billion, a PE ratio of 20.18, a P/E/G ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a fifty day moving average price of $132.50 and a 200-day moving average price of $134.59.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating 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 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 company posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.82%. The ex-dividend date is Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board increased its position in shares of United Parcel Service by 50.3% during the first quarter. Ontario Teachers Pension Plan Board now owns 5,853 shares of the transportation company’s stock valued at $870,000 after acquiring an additional 1,958 shares during the last quarter. Covestor Ltd increased its stake in United Parcel Service by 14.0% during the first quarter. Covestor Ltd now owns 1,119 shares of the transportation company’s stock worth $166,000 after purchasing an additional 137 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in United Parcel Service by 6.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,870 shares of the transportation company’s stock worth $6,966,000 after buying an additional 3,003 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of United Parcel Service by 0.4% in the first quarter. Delta Asset Management LLC TN now owns 181,350 shares of the transportation company’s stock worth $26,954,000 after acquiring an additional 707 shares in the last quarter. Finally, PYA Waltman Capital LLC raised its stake in shares of United Parcel Service by 12.1% in the first quarter. PYA Waltman Capital LLC now owns 16,010 shares of the transportation company’s stock valued at $2,380,000 after acquiring an additional 1,722 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.