Loop Capital Lowers United Parcel Service (NYSE:UPS) Price Target to $115.00

United Parcel Service (NYSE:UPS) had its price target trimmed by Loop Capital from $120.00 to $115.00 in a report published on Monday,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the company. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday. The Goldman Sachs Group reduced their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating for the company in a research report on Friday. Bank of America reduced their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday. Finally, Raymond James dropped their price objective on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $111.26 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a market capitalization of $94.95 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.63 and a beta of 0.98. The firm has a 50-day moving average of $128.31 and a two-hundred day moving average of $130.16.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the firm earned $2.47 earnings per share. As a group, analysts expect that United Parcel Service will post 8.61 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 96.45%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors have recently modified their holdings of UPS. AMF Tjanstepension AB lifted its holdings in shares of United Parcel Service by 39.7% during the 3rd quarter. AMF Tjanstepension AB now owns 108,360 shares of the transportation company’s stock valued at $14,793,000 after purchasing an additional 30,815 shares in the last quarter. Czech National Bank lifted its stake in United Parcel Service by 7.4% in the 3rd quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after acquiring an additional 10,227 shares in the last quarter. GAMMA Investing LLC lifted its stake in United Parcel Service by 5.3% in the 3rd quarter. GAMMA Investing LLC now owns 5,680 shares of the transportation company’s stock valued at $774,000 after acquiring an additional 286 shares in the last quarter. Eagle Rock Investment Company LLC lifted its stake in United Parcel Service by 0.8% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 43,360 shares of the transportation company’s stock valued at $5,912,000 after acquiring an additional 331 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its stake in United Parcel Service by 20.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 52,392 shares of the transportation company’s stock valued at $7,143,000 after acquiring an additional 8,834 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

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.