JPMorgan Chase & Co. Has Lowered Expectations for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS - Free Report) had its price target reduced by JPMorgan Chase & Co. from $110.00 to $107.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the transportation company's stock.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Loop Capital reduced their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a research note on Thursday, July 3rd. Oppenheimer reduced their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group reduced their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Trading Down 0.0%

Shares of NYSE:UPS traded down $0.04 during mid-day trading on Tuesday, hitting $102.34. The company had a trading volume of 4,565,721 shares, compared to its average volume of 5,248,793. The company has a market capitalization of $86.66 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. The firm has a fifty day moving average price of $99.16 and a 200 day moving average price of $109.38. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service has a one year low of $90.55 and a one year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. As a group, research analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.41%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently added to or reduced their stakes in the business. IMG Wealth Management Inc. purchased a new stake in 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 fourth quarter valued at about $26,000. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the first quarter valued at about $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at about $27,000. Finally, Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the first 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 during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.