Oppenheimer Lowers United Parcel Service (NYSE:UPS) Price Target to $140.00

United Parcel Service (NYSE:UPS) had its price objective cut by Oppenheimer from $157.00 to $140.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

UPS has been the topic of several other research reports. Evercore ISI cut their price objective on United Parcel Service from $157.00 to $145.00 and set an in-line rating on the stock in a research note on Monday, June 24th. BMO Capital Markets cut their price objective on United Parcel Service from $169.00 to $155.00 and set a market perform rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $154.00 to $150.00 and set a neutral rating on the stock in a research note on Tuesday, April 9th. Bank of America cut their price objective on United Parcel Service from $160.00 to $158.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Finally, Stifel Nicolaus lowered their target price on United Parcel Service from $170.00 to $151.00 and set a buy rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $154.95.

United Parcel Service Trading Up 1.4 %

NYSE:UPS opened at $128.83 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25. United Parcel Service has a one year low of $124.80 and a one year high of $189.65. The business’s 50-day simple moving average is $137.64 and its 200 day simple moving average is $145.59. The stock has a market cap of $110.22 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service will post 7.71 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Insiders Place Their Bets

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the transaction, the director now directly owns 5,160 shares of the company’s stock, valued at approximately $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $791,000. Schechter Investment Advisors LLC lifted its position in shares of United Parcel Service by 8.5% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,483 shares of the transportation company’s stock valued at $1,177,000 after acquiring an additional 586 shares during the last quarter. ARK Investment Management LLC lifted its position in shares of United Parcel Service by 11.5% during the 4th quarter. ARK Investment Management LLC now owns 13,323 shares of the transportation company’s stock valued at $2,095,000 after acquiring an additional 1,369 shares during the last quarter. Highland Capital Management LLC lifted its position in shares of United Parcel Service by 0.8% during the 4th quarter. Highland Capital Management LLC now owns 24,749 shares of the transportation company’s stock valued at $3,891,000 after acquiring an additional 205 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $168,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.