Loop Capital Cuts United Parcel Service (NYSE:UPS) Price Target to $115.00

United Parcel Service (NYSE:UPS) had its price objective trimmed by Loop Capital from $120.00 to $115.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Other analysts have also recently issued reports about the stock. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Oppenheimer upped their price objective 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.73.

United Parcel Service Stock Performance

Shares of UPS opened at $111.95 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $95.54 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.63 and a beta of 0.98. The company’s 50 day simple moving average is $127.32 and its 200 day simple moving average is $129.69. United Parcel Service has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the firm posted $2.47 earnings per share. On average, sell-side analysts predict that United Parcel Service will post 8.61 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.64 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 5.86%. United Parcel Service’s dividend payout ratio is 96.45%.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC boosted its holdings in shares of United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. IFS Advisors LLC boosted its holdings in shares of United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 151 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 216 shares in the last quarter. PSI Advisors LLC boosted its holdings in United Parcel Service by 408.2% during the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in United Parcel Service during the third quarter worth approximately $36,000. 60.26% of the stock is currently 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.