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

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

Several other research firms have also weighed in on UPS. Morgan Stanley boosted their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an underweight rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $150.00 to $144.00 and set a neutral rating on the stock in a report on Wednesday. TD Cowen reduced their price target on shares of United Parcel Service from $147.00 to $140.00 and set a hold rating on the stock in a research note on Thursday, March 28th. UBS Group reduced their price target on shares of United Parcel Service from $175.00 to $159.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an outperform rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $154.95.

United Parcel Service Stock Performance

UPS opened at $128.83 on Wednesday. The firm has a market capitalization of $110.22 billion, a PE ratio of 18.67, a PEG ratio of 1.74 and a beta of 0.98. United Parcel Service has a twelve month low of $124.80 and a twelve month high of $189.65. The firm’s 50-day moving average price is $137.64 and its 200 day moving average price is $145.59. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business 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%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.54 earnings per share. As a group, sell-side analysts expect that United Parcel Service will post 7.71 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were bought at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the 4th quarter valued at $28,000. TruNorth Capital Management LLC acquired a new position in shares of United Parcel Service in the 2nd quarter valued at $28,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Institutional investors and hedge funds 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.