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

United Parcel Service (NYSE:UPS) had its price objective cut by Susquehanna from $160.00 to $135.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other research analysts have also issued research reports about the company. Oppenheimer dropped their price objective on United Parcel Service from $157.00 to $140.00 and set an outperform rating on the stock in a report on Wednesday. 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 report on Monday, June 24th. Wells Fargo & Company began coverage on United Parcel Service in a report on Friday, June 7th. They set an overweight rating and a $156.00 price objective on the stock. HSBC upgraded United Parcel Service from a hold rating to a buy rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, TD Cowen decreased their target price on United Parcel Service from $147.00 to $140.00 and set a hold rating on the stock in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of Hold and a consensus target price of $154.95.

United Parcel Service Trading Up 1.4 %

NYSE:UPS opened at $128.85 on Wednesday. The stock’s 50 day simple moving average is $137.64 and its 200-day simple moving average is $145.69. United Parcel Service has a 12-month low of $124.80 and a 12-month high of $189.65. The firm has a market cap of $110.24 billion, a P/E ratio of 18.67, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.04 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 for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the company earned $2.54 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Equities analysts anticipate that United Parcel Service will post 8.02 EPS for the current year.

United Parcel Service Announces Dividend

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

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The purchase was disclosed in a filing with the SEC, which is available through 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 added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter valued at $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. TruNorth Capital Management LLC acquired a new stake in United Parcel Service during the second quarter worth about $28,000. Finally, Bourgeon Capital Management LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $31,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.