United Parcel Service (NYSE:UPS) Trading Down 0.3% – Time to Sell?

Shares of United Parcel Service, Inc. (NYSE:UPS) traded down 0.3% during trading on Wednesday . The company traded as low as $128.90 and last traded at $129.87. 726,130 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,155,546 shares. The stock had previously closed at $130.22.

Analyst Ratings Changes

Several research firms recently commented on UPS. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Evercore ISI upped their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $155.00 to $150.00 in a report on Tuesday. Finally, UBS Group increased their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.29.

United Parcel Service Trading Down 0.2 %

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’s fifty day moving average is $132.99 and its 200 day moving average is $132.85. The stock has a market cap of $109.88 billion, a P/E ratio of 19.40, a P/E/G ratio of 2.12 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 171 shares in the last quarter. Centerpoint Advisors LLC lifted its position in United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the last quarter. PSI Advisors LLC grew its holdings in United Parcel Service by 408.2% in 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 in the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. 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.