United Parcel Service (NYSE:UPS) Price Target Cut to $141.00 by Analysts at UBS Group

United Parcel Service (NYSE:UPS - Free Report) had its price objective trimmed by UBS Group from $170.00 to $141.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the transportation company's stock.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating for the company in a report on Friday. Susquehanna cut their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating for the company in a research note on Friday. Oppenheimer lifted their price objective on United Parcel Service from $140.00 to $146.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Finally, Citigroup decreased their price target on United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and a consensus target price of $141.95.

United Parcel Service Stock Performance

UPS stock traded down $0.71 during trading on Friday, reaching $114.19. 15,842,034 shares of the stock were exchanged, compared to its average volume of 6,791,747. 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. The company has a market capitalization of $97.45 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. United Parcel Service has a twelve month low of $109.62 and a twelve month high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the firm earned $2.47 EPS. As a group, sell-side analysts anticipate that United Parcel Service will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

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

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction 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 transaction, the insider now owns 45,098 shares of the company's stock, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

Institutional Trading of United Parcel Service

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of 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 worth $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.4% in 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 during the last quarter. Geode Capital Management LLC grew its holdings in United Parcel Service by 2.5% during 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 acquiring an additional 373,202 shares during the period. International Assets Investment Management LLC raised its position in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of United Parcel Service by 3.7% in 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 during the period. 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.