United Parcel Service (NYSE:UPS) PT Lowered to $180.00 at Barclays

United Parcel Service (NYSE:UPSGet Rating) had its price target trimmed by Barclays from $200.00 to $180.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. Citigroup decreased their price target on United Parcel Service from $240.00 to $210.00 and set a buy rating on the stock in a research note on Tuesday, July 19th. Daiwa Capital Markets increased their target price on United Parcel Service to $207.00 and gave the stock an outperform rating in a research note on Wednesday, July 27th. Evercore ISI reissued an outperform rating and set a $227.00 target price (down previously from $255.00) on shares of United Parcel Service in a research note on Tuesday, July 12th. The Goldman Sachs Group decreased their target price on United Parcel Service from $239.00 to $215.00 and set a buy rating on the stock in a research note on Tuesday, June 7th. Finally, Credit Suisse Group set a $223.00 target price on United Parcel Service and gave the stock an outperform rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $215.11.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $167.86 on Thursday. United Parcel Service has a 52 week low of $165.34 and a 52 week high of $233.72. The business’s fifty day simple moving average is $193.65 and its 200-day simple moving average is $190.55. The firm has a market cap of $145.81 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.10.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The transportation company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.14 by $0.15. United Parcel Service had a return on equity of 76.43% and a net margin of 10.92%. The business had revenue of $24.80 billion for the quarter, compared to analyst estimates of $24.59 billion. During the same quarter in the prior year, the company posted $3.06 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts forecast that United Parcel Service will post 12.85 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were issued a $1.52 dividend. The ex-dividend date was Friday, August 12th. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.62%. United Parcel Service’s payout ratio is currently 48.84%.

Insider Activity

In other news, insider Kathleen M. Gutmann sold 21,307 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $204.51, for a total value of $4,357,494.57. Following the transaction, the insider now owns 102,591 shares in the company, valued at approximately $20,980,885.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Kathleen M. Gutmann sold 21,307 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $204.51, for a total transaction of $4,357,494.57. Following the transaction, the insider now owns 102,591 shares in the company, valued at approximately $20,980,885.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Kevin M. Warren sold 23,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $193.31, for a total value of $4,516,881.46. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UPS. Cordant Inc. acquired a new stake in United Parcel Service during the 1st quarter worth approximately $26,000. Coston McIsaac & Partners acquired a new stake in United Parcel Service during the 2nd quarter worth approximately $26,000. Worth Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $30,000. Finally, Crewe Advisors LLC acquired a new stake in United Parcel Service during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 59.60% of the company’s stock.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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