UBS Group Cuts United Parcel Service (NYSE:UPS) Price Target to $124.00

United Parcel Service (NYSE:UPS) had its price target trimmed by UBS Group from $128.00 to $124.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America upped their target price on shares of United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 16th. Wells Fargo & Company reiterated an “equal weight” rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. HSBC lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. Finally, Loop Capital dropped their price target on shares of United Parcel Service from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $119.29.

United Parcel Service Stock Down 1.2%

United Parcel Service stock opened at $104.24 on Wednesday. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50 day moving average price of $98.83 and a 200 day moving average price of $109.84. The company has a market capitalization of $88.27 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s payout ratio is currently 95.63%.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $26,000. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter valued at $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the 4th quarter valued at $27,000. Finally, Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 210 shares in 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.