United Parcel Service (NYSE:UPS) Given New $128.00 Price Target at Wells Fargo & Company

United Parcel Service (NYSE:UPS - Free Report) had its price target decreased by Wells Fargo & Company from $150.00 to $128.00 in a research note released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company's stock.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their target price on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. UBS Group lifted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Oppenheimer boosted their price objective on United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Finally, Citigroup lowered their target price on United Parcel Service from $163.00 to $158.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of "Moderate Buy" and a consensus price target of $141.95.

United Parcel Service Stock Down 0.6 %

NYSE:UPS traded down $0.71 during mid-day trading on Friday, reaching $114.19. The stock had a trading volume of 15,842,034 shares, compared to its average volume of 6,791,747. The stock has a market cap of $97.45 billion, a P/E ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. The business's 50 day moving average is $128.72 and its 200 day moving average is $130.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service has a fifty-two week low of $109.62 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results 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 last year, the business posted $2.47 EPS. As a group, sell-side analysts predict that United Parcel Service will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend 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 business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On United Parcel Service

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of United Parcel Service by 2.1% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Parcel Service by 6.4% during 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. Geode Capital Management LLC raised its position 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 valued at $2,080,170,000 after purchasing an additional 373,202 shares during the last quarter. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,779.6% in 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 purchasing an additional 14,539,321 shares in the last quarter. Finally, FMR LLC boosted its stake in United Parcel Service by 3.7% in the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company's stock worth $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.