Barclays Cuts United Parcel Service (NYSE:UPS) Price Target to $120.00

United Parcel Service (NYSE:UPS) had its price target lowered by Barclays from $145.00 to $120.00 in a report published on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

UPS has been the topic of several other reports. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an in-line rating on the stock in a research report on Monday, June 24th. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a hold rating on the stock in a research report on Thursday, March 28th. Redburn Atlantic upgraded United Parcel Service from a neutral rating to a buy rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. UBS Group dropped their target price on United Parcel Service from $175.00 to $159.00 and set a buy rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus dropped their target price on United Parcel Service from $170.00 to $151.00 and set a buy rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of Hold and a consensus target price of $154.95.

United Parcel Service Price Performance

Shares of UPS opened at $128.85 on Wednesday. The business’s 50-day moving average is $137.64 and its two-hundred day moving average is $145.69. The company has a market capitalization of $110.24 billion, a P/E ratio of 18.67, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. United Parcel Service has a fifty-two week low of $124.80 and a fifty-two week high of $189.65.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 earnings per share. Research analysts predict that United Parcel Service will post 8.02 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UPS. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $28,000. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.