United Parcel Service (NYSE:UPS) Given New $123.00 Price Target at Citigroup

United Parcel Service (NYSE:UPS) had its price target cut by Citigroup from $149.00 to $123.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

UPS has been the subject of several other research reports. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Evercore ISI raised their price objective 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. Susquehanna decreased their target price on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Finally, BMO Capital Markets upgraded United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $131.32.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $96.42 on Tuesday. The business’s fifty day moving average price is $112.40 and its 200 day moving average price is $124.21. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $153.42. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $82.36 billion, a P/E ratio of 14.26, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period last year, the company posted $2.47 EPS. As a group, research analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.80%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the company. Breakwater Capital Group increased its holdings in shares of United Parcel Service by 12.4% in the 1st quarter. Breakwater Capital Group now owns 2,676 shares of the transportation company’s stock valued at $294,000 after acquiring an additional 296 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings in United Parcel Service by 9.5% in the first quarter. Salvus Wealth Management LLC now owns 4,363 shares of the transportation company’s stock worth $480,000 after purchasing an additional 379 shares during the period. Thrive Wealth Management LLC increased its stake in United Parcel Service by 45.3% during the first quarter. Thrive Wealth Management LLC now owns 3,386 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 1,056 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of United Parcel Service by 20.4% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,037 shares of the transportation company’s stock worth $554,000 after purchasing an additional 853 shares during the period. Finally, Cypress Wealth Services LLC lifted its position in shares of United Parcel Service by 4.6% in the 1st quarter. Cypress Wealth Services LLC now owns 25,453 shares of the transportation company’s stock worth $2,800,000 after buying an additional 1,108 shares during the last quarter. Institutional investors and hedge funds 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.