United Parcel Service (NYSE:UPS) Price Target Raised to $135.00

United Parcel Service (NYSE:UPS) had its target price raised by JPMorgan Chase & Co. from $134.00 to $135.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other brokerages have also commented on UPS. Barclays restated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. The Goldman Sachs Group reduced their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price target on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Evercore ISI upped their price target on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.10.

United Parcel Service Price Performance

Shares of UPS opened at $126.70 on Tuesday. The business has a 50-day moving average of $129.75 and a 200-day moving average of $131.33. United Parcel Service has a 1 year low of $122.01 and a 1 year high of $161.48. The company has a market capitalization of $108.12 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. 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 (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service will post 7.48 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, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.15%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the transaction, 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. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after purchasing an additional 216 shares during the period. PSI Advisors LLC increased its stake in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of United Parcel Service in the third quarter valued at approximately $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of United Parcel Service during the 3rd quarter valued at approximately $54,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

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.