United Parcel Service (NYSE:UPS - Free Report) had its price target cut by Susquehanna from $130.00 to $120.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company's stock.
Several other equities analysts also recently commented on the company. Baird R W downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Friday, January 31st. Bank of America lowered their target price on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Barclays cut their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday. Evercore ISI raised their price target on United Parcel Service from $141.00 to $147.00 and gave the company an "in-line" rating in a research report on Wednesday, January 22nd. Finally, UBS Group cut their price objective on United Parcel Service from $170.00 to $141.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.83.
Check Out Our Latest Stock Report on United Parcel Service
United Parcel Service Stock Down 0.6 %
Shares of UPS stock traded down $0.70 on Tuesday, hitting $109.29. The company's stock had a trading volume of 5,874,106 shares, compared to its average volume of 4,670,857. The stock has a market capitalization of $93.35 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service has a fifty-two week low of $108.18 and a fifty-two week high of $154.29. The firm's fifty day moving average price is $117.65 and its 200-day moving average price is $126.15. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 earnings per share. Research analysts anticipate that United Parcel Service will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is presently 97.04%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of United Parcel Service in the fourth quarter worth about $1,075,393,000. Raymond James Financial Inc. bought a new stake in United Parcel Service in the fourth quarter valued at about $393,680,000. Two Sigma Advisers LP raised its position in shares of United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock valued at $282,783,000 after acquiring an additional 1,851,900 shares during the period. Franklin Resources Inc. increased its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in United Parcel Service by 77.7% in the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after purchasing an additional 1,378,136 shares during the period. 60.26% of the stock is owned by institutional investors.
About United Parcel Service
(
Get Free Report)
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.
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