United Parcel Service (NYSE:UPS) Price Target Lowered to $141.00 at UBS Group

United Parcel Service (NYSE:UPS) had its target price reduced by UBS Group from $170.00 to $141.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts also recently weighed in on UPS. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Raymond James lowered their price objective on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday. Evercore ISI raised their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research note on Wednesday, January 22nd. Citigroup reduced their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.95.

United Parcel Service Trading Down 0.6 %

United Parcel Service stock opened at $114.19 on Friday. The company has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. The firm has a 50-day moving average of $128.31 and a 200-day moving average of $130.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service has a one year low of $109.62 and a one year high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the firm earned $2.47 earnings per share. On average, equities analysts expect that United Parcel Service will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. Global Retirement Partners LLC increased its stake in shares of United Parcel Service by 4.6% in the 4th quarter. Global Retirement Partners LLC now owns 13,170 shares of the transportation company’s stock valued at $1,661,000 after purchasing an additional 584 shares during the last quarter. Atlas Legacy Advisors LLC bought a new position in United Parcel Service in the fourth quarter valued at about $264,000. Bank of Jackson Hole Trust acquired a new position in United Parcel Service during the fourth quarter worth about $303,000. New York State Common Retirement Fund lifted its holdings in shares of United Parcel Service by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 867,132 shares of the transportation company’s stock worth $109,345,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Mcdonald Partners LLC boosted its stake in shares of United Parcel Service by 2.8% in the 4th quarter. Mcdonald Partners LLC now owns 24,412 shares of the transportation company’s stock valued at $3,078,000 after purchasing an additional 669 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.