United Parcel Service (NYSE:UPS) Price Target Raised to $127.00 at Citigroup

United Parcel Service (NYSE:UPS - Free Report) had its price objective raised by Citigroup from $122.00 to $127.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company's stock.

Several other equities analysts also recently commented on UPS. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday. Raymond James Financial cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Oppenheimer cut their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. UBS Group cut their price objective on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets cut their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. 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 MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $119.13.

United Parcel Service Stock Up 0.7%

UPS traded up $0.72 during trading on Wednesday, reaching $102.87. 3,645,657 shares of the stock were exchanged, compared to its average volume of 5,242,406. The stock has a market cap of $87.11 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $148.15. The stock's 50 day moving average price is $99.16 and its two-hundred day moving average price is $109.38. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 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 previous year, the business posted $1.43 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Institutional Trading of United Parcel Service

Large investors have recently modified their holdings of the stock. Garde Capital Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter worth approximately $37,000. Golden State Wealth Management LLC lifted its holdings in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock worth $381,000 after purchasing an additional 193 shares in the last quarter. Advisor Resource Council bought a new position in shares of United Parcel Service in the 1st quarter worth $437,000. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of United Parcel Service by 14.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock worth $1,441,000 after purchasing an additional 1,440 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.