United Parcel Service (NYSE:UPS) PT Lowered to $140.00

United Parcel Service (NYSE:UPS) had its target price reduced by Stephens from $168.00 to $140.00 in a research report report published on Wednesday morning, Benzinga reports. Stephens currently has an equal weight rating on the transportation company’s stock.

Several other analysts have also commented on UPS. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a buy rating on the stock in a research report on Thursday, March 28th. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an in-line rating on the stock in a research note on Monday, June 24th. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an outperform rating for the company in a report on Wednesday. HSBC upgraded United Parcel Service from a hold rating to a buy rating and boosted their target price for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Finally, Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a buy rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $154.95.

United Parcel Service Stock Performance

UPS stock opened at $128.83 on Wednesday. The business has a 50 day moving average of $137.64 and a 200-day moving average of $145.59. The firm has a market cap of $110.22 billion, a PE ratio of 18.67, a P/E/G ratio of 1.74 and a beta of 0.98. United Parcel Service has a 12-month low of $124.80 and a 12-month high of $189.65. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service will post 7.71 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners purchased a new position in shares of United Parcel Service in the 4th quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. Northwest Financial Advisors purchased a new stake in United Parcel Service in the fourth quarter worth approximately $28,000. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service during the second quarter worth approximately $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company’s stock.

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.