United Parcel Service (NYSE:UPS) Price Target Cut to $145.00 by Analysts at Evercore ISI

United Parcel Service (NYSE:UPS) had its price target cut by Evercore ISI from $157.00 to $145.00 in a research note released on Monday morning, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

UPS has been the subject of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a neutral rating for the company in a report on Tuesday, April 9th. TD Cowen reduced their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a hold rating for the company in a report on Thursday, March 28th. BMO Capital Markets upped their price objective on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a market perform rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a buy rating for the company in a report on Thursday, March 28th. Finally, Wells Fargo & Company started coverage on shares of United Parcel Service in a research report on Friday, June 7th. They issued an overweight rating and a $156.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $164.55.

United Parcel Service Stock Performance

Shares of UPS opened at $138.61 on Monday. United Parcel Service has a 1 year low of $132.90 and a 1 year high of $192.98. The company has a market cap of $118.59 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a fifty day moving average of $142.22 and a 200-day moving average of $149.06.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, equities analysts anticipate that United Parcel Service will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued 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 dividend yield of 4.70%. United Parcel Service’s dividend payout ratio is 94.49%.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently made changes to their positions in the business. Chesapeake Wealth Management increased its holdings in shares of United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 103 shares during the period. Cerity Partners LLC grew its stake in shares of United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after buying an additional 44,721 shares in the last quarter. CapWealth Advisors LLC grew its stake in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after buying an additional 686 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock valued at $578,053,000 after buying an additional 200,297 shares in the last quarter. Finally, KLCM Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $2,410,000. 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.