Citigroup Has Lowered Expectations for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its price objective decreased by Citigroup from $163.00 to $158.00 in a research note published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

UPS has been the subject of a number of other research reports. Oppenheimer boosted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. UBS Group boosted their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. Susquehanna raised their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. BMO Capital Markets dropped their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, July 24th. Finally, Barclays reissued an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $130.17 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14. The business’s fifty day moving average price is $132.12 and its two-hundred day moving average price is $135.01. The stock has a market cap of $111.50 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. United Parcel Service has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter last year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts forecast that United Parcel Service will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of United Parcel Service during the first quarter worth $184,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in United Parcel Service by 6.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 85,286 shares of the transportation company’s stock valued at $12,676,000 after buying an additional 5,373 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of United Parcel Service during the first quarter valued at about $325,000. HBK Sorce Advisory LLC lifted its stake in shares of United Parcel Service by 6.2% in the first quarter. HBK Sorce Advisory LLC now owns 41,908 shares of the transportation company’s stock worth $6,229,000 after acquiring an additional 2,465 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its stake in shares of United Parcel Service by 41.6% in the first quarter. Wilkins Investment Counsel Inc. now owns 85,726 shares of the transportation company’s stock worth $12,741,000 after acquiring an additional 25,170 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

About United Parcel Service

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.