United Parcel Service (NYSE:UPS) Price Target Lowered to $139.00 at JPMorgan Chase & Co.

United Parcel Service (NYSE:UPS) had its target price decreased by JPMorgan Chase & Co. from $140.00 to $139.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on UPS. BMO Capital Markets reduced their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Finally, The Goldman Sachs Group lowered their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.43.

United Parcel Service Trading Down 0.7 %

United Parcel Service stock traded down $0.92 during midday trading on Friday, hitting $137.43. 4,916,651 shares of the stock were exchanged, compared to its average volume of 4,221,229. The stock has a market capitalization of $117.72 billion, a PE ratio of 22.43, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a fifty day simple moving average of $130.89 and a two-hundred day simple moving average of $136.08. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a 52 week low of $123.12 and a 52 week high of $163.82.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 earnings per share. Equities research analysts anticipate that United Parcel Service will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. United Parcel Service’s payout ratio is presently 106.36%.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC increased its position in shares of United Parcel Service by 8.3% in the first quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the period. Financial Management Professionals Inc. lifted its position in shares of United Parcel Service by 12.6% during the 1st quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock worth $332,000 after buying an additional 249 shares during the last quarter. Vicus Capital acquired a new stake in United Parcel Service in the first quarter valued at about $461,000. CRA Financial Services LLC grew its position in United Parcel Service by 3.1% in the first quarter. CRA Financial Services LLC now owns 8,180 shares of the transportation company’s stock valued at $1,216,000 after acquiring an additional 248 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in United Parcel Service by 1.6% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,965 shares of the transportation company’s stock worth $4,900,000 after acquiring an additional 524 shares in the last quarter. 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.