United Parcel Service (NYSE:UPS) Given New $147.00 Price Target at The Goldman Sachs Group

United Parcel Service (NYSE:UPS) had its target price decreased by The Goldman Sachs Group from $166.00 to $147.00 in a report issued on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on the company. Raymond James cut their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Citigroup lowered their price target on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Morgan Stanley reduced their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.95.

United Parcel Service Stock Down 0.6 %

Shares of NYSE UPS opened at $114.19 on Friday. The firm’s 50-day simple moving average is $128.72 and its 200 day simple moving average is $130.61. The company has a market cap of $97.45 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service has a 12-month low of $109.62 and a 12-month high of $158.95.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same period in the previous year, the firm posted $2.47 earnings per share. On average, research analysts expect that United Parcel Service will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Institutional Trading of United Parcel Service

Several hedge funds and other institutional investors have recently bought and sold shares of UPS. True Wealth Design LLC grew its holdings 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 worth $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC lifted its position in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares during the period. Princeton Global Asset Management LLC increased its holdings in United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the period. PSI Advisors LLC raised its position in shares of United Parcel Service by 408.2% in the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds 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.