United Parcel Service (NYSE:UPS) Price Target Cut to $145.00 by Analysts at Raymond James

United Parcel Service (NYSE:UPS - Free Report) had its price objective trimmed by Raymond James from $155.00 to $145.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a strong-buy rating on the transportation company's stock.

A number of other equities analysts have also weighed in on UPS. Robert W. Baird lowered United Parcel Service from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $160.00 to $130.00 in a research report on Friday. Bank of America reduced their price target on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating for the company in a research report on Friday. The Goldman Sachs Group lowered their price objective on United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Morgan Stanley reduced their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $134.00 to $135.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service has a consensus rating of "Moderate Buy" and a consensus price target of $141.95.

United Parcel Service Trading Down 0.6 %

Shares of NYSE:UPS traded down $0.71 during trading on Friday, reaching $114.19. 15,842,034 shares of the company traded hands, compared to its average volume of 6,791,747. 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 52-week low of $109.62 and a 52-week high of $158.95. The business's fifty day moving average is $128.72 and its 200-day moving average is $130.61. The firm has a market capitalization 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.

United Parcel Service (NYSE:UPS - Get Free Report) last issued 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 period last year, the firm earned $2.47 earnings per share. As a group, analysts forecast that United Parcel Service will post 7.5 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 was Monday, November 18th. United Parcel Service's dividend payout ratio (DPR) is currently 98.49%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, 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. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UPS. International Assets Investment Management LLC grew its position in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock worth $1,994,853,000 after buying an additional 14,539,321 shares during the period. Two Sigma Advisers LP boosted its stake in shares of United Parcel Service by 833.4% during the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock worth $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company's stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the period. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 6.4% in the 3rd 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 purchasing an additional 1,320,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company's stock worth $147,242,000 after purchasing an additional 1,059,339 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other 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.