Barclays Lowers United Parcel Service (NYSE:UPS) Price Target to $120.00

United Parcel Service (NYSE:UPS) had its target price decreased by Barclays from $145.00 to $120.00 in a research report released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

UPS has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $183.00 to $179.00 and set a buy rating for the company in a research report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a buy rating for the company in a research note on Wednesday. Bank of America decreased their target price on shares of United Parcel Service from $160.00 to $158.00 and set a neutral rating on the stock in a research report on Monday, July 22nd. HSBC raised shares of United Parcel Service from a hold rating to a buy rating and upped their price target for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Finally, Oppenheimer decreased their price target on shares of United Parcel Service from $157.00 to $140.00 and set an outperform rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of Hold and a consensus price target of $154.95.

United Parcel Service Price Performance

United Parcel Service stock opened at $128.83 on Wednesday. The firm has a market capitalization of $110.22 billion, a PE ratio of 18.67, a P/E/G ratio of 1.74 and a beta of 0.98. United Parcel Service has a 52 week low of $124.80 and a 52 week high of $189.65. The firm’s 50-day simple moving average is $137.64 and its 200 day simple moving average is $145.59. The company has a quick ratio of 1.04, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.54 EPS. On average, equities research analysts predict that United Parcel Service will post 7.71 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.06%. United Parcel Service’s payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

A number of institutional investors and hedge funds have recently modified their holdings of UPS. International Assets Investment Management LLC lifted its stake in United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after buying an additional 14,410,073 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares in the last quarter. Norges Bank acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $1,128,322,000. First Trust Advisors LP increased its holdings in United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after buying an additional 1,160,005 shares during the last quarter. Finally, Spirepoint Private Client LLC acquired a new stake in United Parcel Service in the first quarter valued at $160,787,000. 60.26% of the stock is owned by institutional investors.

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.