United Parcel Service (NYSE:UPS) Price Target Cut to $135.00 by Analysts at Susquehanna

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

Several other research firms also recently issued reports on UPS. Stifel Nicolaus cut their price objective on United Parcel Service from $170.00 to $151.00 and set a buy rating on the stock in a report on Wednesday. Oppenheimer cut 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. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $183.00 to $179.00 and set a buy rating on the stock in a report on Thursday, March 28th. HSBC raised United Parcel Service from a hold rating to a buy rating and lifted their target price for the company from $150.00 to $170.00 in a research note on Thursday, April 25th. Finally, Evercore ISI lowered their target price 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. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has an average rating of Hold and an average target price of $154.95.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $128.85 on Wednesday. The company’s 50-day moving average price is $137.64 and its two-hundred day moving average price is $145.69. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 1.18. The stock has a market cap of $110.24 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. United Parcel Service has a 52 week low of $124.80 and a 52 week high of $189.65.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.54 EPS. As a group, sell-side analysts anticipate that United Parcel Service will post 8.02 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared 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 dividend yield of 5.06%. United Parcel Service’s payout ratio is 94.49%.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of United Parcel Service 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 acquisition, the director now owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently added to or reduced their stakes in UPS. International Assets Investment Management LLC lifted its holdings in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP lifted its holdings in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the last quarter. Norges Bank acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $1,128,322,000. First Trust Advisors LP lifted its holdings in shares of United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after buying an additional 1,160,005 shares during the last quarter. Finally, Spirepoint Private Client LLC acquired a new position in shares of United Parcel Service during the first quarter worth approximately $160,787,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.