United Parcel Service (NYSE:UPS) Price Target Cut to $145.00 by Analysts at Raymond James

United Parcel Service (NYSE:UPS) had its price objective reduced by Raymond James from $155.00 to $145.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a strong-buy rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on UPS. Citigroup cut their target price on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $130.00 in a research note on Friday. UBS Group boosted their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $141.95.

United Parcel Service Stock Performance

Shares of UPS stock opened at $114.19 on Friday. The firm has a 50 day moving average of $128.31 and a 200-day moving average of $130.40. 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 52 week low of $109.62 and a 52 week high of $158.95.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) 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 quarter last year, the firm earned $2.47 EPS. On average, equities analysts forecast that United Parcel Service will post 7.5 earnings per share for the current year.

United Parcel Service Announces Dividend

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

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 modified their holdings of UPS. IFS Advisors LLC lifted 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 worth $27,000 after buying an additional 151 shares in the last quarter. True Wealth Design LLC increased its holdings in 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 acquiring an additional 171 shares during the period. PSI Advisors LLC boosted its holdings in 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 purchasing an additional 200 shares during the period. Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of United Parcel Service in the third quarter worth $36,000. 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.