United Parcel Service’s (UPS) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d+) rating on shares of United Parcel Service (NYSE:UPS) in a research report released on Friday morning,Weiss Ratings reports.

Several other brokerages have also recently commented on UPS. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. Stifel Nicolaus reduced their price objective on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Finally, BNP Paribas Exane upgraded shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $109.31.

United Parcel Service Stock Performance

Shares of UPS opened at $87.21 on Friday. The company has a 50-day moving average of $85.52 and a two-hundred day moving average of $93.13. The stock has a market cap of $73.91 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. United Parcel Service has a one year low of $82.00 and a one year high of $140.33.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. During the same quarter last year, the company posted $1.79 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.5%. United Parcel Service’s payout ratio is presently 97.62%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in UPS. Evelyn Partners Investment Management Europe Ltd lifted its holdings in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service in the first quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service in the second quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted its holdings in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after buying an additional 210 shares during the period. Finally, Hemington Wealth Management grew its stake in United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.