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

United Parcel Service (NYSE:UPS - Free Report) had its price target decreased by UBS Group from $128.00 to $124.00 in a research note released on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company's stock.

A number of other analysts have also recently weighed in on UPS. Citigroup reduced their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Raymond James Financial decreased their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Susquehanna lowered their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a research note on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Finally, Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $119.29.

United Parcel Service Stock Down 1.2%

NYSE:UPS traded down $1.30 during mid-day trading on Wednesday, reaching $104.24. The stock had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. The stock has a market cap of $88.27 billion, a P/E ratio of 15.20, a PEG ratio of 1.86 and a beta of 1.21. The business's 50 day moving average is $98.70 and its 200 day moving average is $110.00. 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 fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $21.25 billion. During the same period in the prior year, the company posted $1.43 earnings per share. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.29%. United Parcel Service's payout ratio is presently 95.63%.

Hedge Funds Weigh In On United Parcel Service

Institutional investors have recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC grew its position in United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after acquiring an additional 2,401 shares during the last quarter. Brighton Jones LLC boosted its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of United Parcel Service during the fourth quarter worth $177,000. Plato Investment Management Ltd increased its stake in shares of United Parcel Service by 13.6% in the fourth quarter. Plato Investment Management Ltd now owns 2,768 shares of the transportation company's stock valued at $350,000 after buying an additional 331 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its stake in shares of United Parcel Service by 22.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,528 shares of the transportation company's stock valued at $445,000 after buying an additional 657 shares in the last quarter. 60.26% of the stock is owned by 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.