Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $120.00

United Parcel Service (NYSE:UPS) had its price target lowered by Susquehanna from $130.00 to $120.00 in a report issued on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other research firms also recently commented on UPS. Bank of America dropped their price objective on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. UBS Group lowered their target price on shares of United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI lifted their price target on 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.18.

United Parcel Service Trading Down 9.2 %

Shares of United Parcel Service stock opened at $100.11 on Tuesday. The firm has a market cap of $85.51 billion, a PE ratio of 14.81, a P/E/G ratio of 1.55 and a beta of 0.94. United Parcel Service has a 1 year low of $99.97 and a 1 year high of $154.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a fifty day moving average price of $116.53 and a 200-day moving average price of $125.86.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $2.47 earnings per share. Equities research analysts anticipate that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.55%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Hedge Funds Weigh In On United Parcel Service

Institutional investors and hedge funds have recently made changes to their positions in the business. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC grew its position in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the last quarter. Pinney & Scofield Inc. purchased a new position in United Parcel Service in the 4th quarter worth approximately $27,000. Finally, Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Institutional investors 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.