United Parcel Service (NYSE:UPS) Price Target Cut to $139.00

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

A number of other research firms also recently weighed in on UPS. UBS Group decreased their target price on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective on the stock. The Goldman Sachs Group decreased their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Baird R W upgraded United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Trading Down 0.7 %

NYSE:UPS traded down $0.92 during mid-day trading on Friday, hitting $137.43. 4,916,651 shares of the company’s stock were exchanged, compared to its average volume of 4,221,229. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a 50 day simple moving average of $130.89 and a 200-day simple moving average of $136.08. The firm has a market capitalization of $117.72 billion, a P/E ratio of 22.43, a PEG ratio of 1.93 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.74%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in United Parcel Service during the second quarter valued at about $28,000. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Stephens Consulting LLC lifted its stake in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 155 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.