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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UPS shares. Oppenheimer lifted their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. TD Cowen decreased their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, Barclays decreased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market cap of $124.85 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05. The stock’s fifty day simple moving average is $149.39 and its 200-day simple moving average is $150.67.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 8.23 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

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

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 3rd quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Northwest Financial Advisors acquired a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $31,000. 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.