United Parcel Service (NYSE:UPS) Price Target Lowered to $120.00 at JPMorgan Chase & Co.

United Parcel Service (NYSE:UPS - Free Report) had its target price reduced by JPMorgan Chase & Co. from $135.00 to $120.00 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company's stock.

UPS has been the topic of several other research reports. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Argus raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Tuesday, November 5th. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a report on Wednesday, January 22nd. Wells Fargo & Company decreased their price objective on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating for the company in a report on Friday. Finally, BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and cut their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.95.

United Parcel Service Trading Down 0.6 %

NYSE UPS traded down $0.71 during trading hours on Friday, hitting $114.19. 15,842,034 shares of the company's stock were exchanged, compared to its average volume of 6,791,747. The firm has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. The stock has a 50-day simple moving average of $128.72 and a 200 day simple moving average of $130.61. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service has a 1-year low of $109.62 and a 1-year high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, equities analysts forecast that United Parcel Service will post 7.5 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, the insider now directly owns 45,098 shares of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after buying an additional 613,409 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock valued at $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after purchasing an additional 373,202 shares in the last quarter. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,779.6% in the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares in the last quarter. Finally, FMR LLC grew its position in shares of United Parcel Service by 3.7% during the 3rd quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock valued at $1,448,960,000 after purchasing an additional 380,229 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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.