United Parcel Service (NYSE:UPS) Stock Price Down 0.2%

United Parcel Service, Inc. (NYSE:UPS) dropped 0.2% during trading on Friday . The company traded as low as $146.84 and last traded at $146.88. Approximately 416,350 shares traded hands during trading, a decline of 90% from the average daily volume of 4,197,379 shares. The stock had previously closed at $147.22.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 31st. Evercore ISI reiterated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, Barclays reduced their price objective on United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $165.23.

United Parcel Service Price Performance

The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $149.44 and a two-hundred day moving average of $150.74. The firm has a market cap of $124.85 billion, a P/E ratio of 21.22, a PEG ratio of 1.67 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.45%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently bought and sold shares of the business. Bailard Inc. boosted its holdings in United Parcel Service by 356.8% in the 3rd quarter. Bailard Inc. now owns 52,896 shares of the transportation company’s stock valued at $8,245,000 after purchasing an additional 41,317 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in United Parcel Service by 1.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 352,599 shares of the transportation company’s stock valued at $54,960,000 after buying an additional 5,800 shares during the period. Total Clarity Wealth Management Inc. raised its stake in shares of United Parcel Service by 14.0% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 2,400 shares of the transportation company’s stock valued at $374,000 after buying an additional 294 shares in the last quarter. Wealth Management Partners LLC lifted its holdings in shares of United Parcel Service by 16.9% during the 3rd quarter. Wealth Management Partners LLC now owns 7,530 shares of the transportation company’s stock worth $1,174,000 after acquiring an additional 1,090 shares during the period. Finally, Forsta AP Fonden boosted its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Forsta AP Fonden now owns 185,100 shares of the transportation company’s stock valued at $28,852,000 after acquiring an additional 1,900 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.