United Parcel Service (NYSE:UPS) PT Lowered to $151.00

United Parcel Service (NYSE:UPS) had its target price trimmed by Stifel Nicolaus from $170.00 to $151.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company assumed coverage on shares of United Parcel Service in a research note on Friday, June 7th. They set an overweight rating and a $156.00 price objective for the company. Redburn Atlantic upgraded shares of United Parcel Service from a neutral rating to a buy rating and set a $180.00 price objective for the company in a research note on Wednesday, April 3rd. Susquehanna increased their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a neutral rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a buy rating for the company in a research note on Thursday, March 28th. Finally, Bank of America reduced their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a neutral rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $154.95.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $128.83 on Wednesday. The firm has a market cap of $110.22 billion, a PE ratio of 18.67, a PEG ratio of 1.74 and a beta of 0.98. 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 has a 1-year low of $124.80 and a 1-year high of $189.65. The company has a fifty day moving average price of $137.64 and a 200 day moving average price of $145.59.

United Parcel Service (NYSE:UPS) last announced its 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 company had revenue of $21.82 billion during 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 previous year, the company posted $2.54 earnings per share. Research analysts predict that United Parcel Service will post 7.71 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UPS. Cerity Partners LLC boosted its position in shares of United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after acquiring an additional 44,721 shares in the last quarter. CapWealth Advisors LLC boosted its position in shares of United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after acquiring an additional 686 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of United Parcel Service by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after acquiring an additional 200,297 shares in the last quarter. KLCM Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth approximately $2,410,000. Finally, United Services Automobile Association boosted its position in shares of United Parcel Service by 235.3% during the 4th quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after acquiring an additional 166,557 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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.