Barclays Reiterates “Underweight” Rating for United Parcel Service (NYSE:UPS)

Barclays reissued their underweight rating on shares of United Parcel Service (NYSE:UPS) in a research note released on Monday, Marketbeat reports. Barclays currently has a $120.00 price target on the transportation company’s stock.

UPS has been the subject of several other research reports. Evercore ISI cut their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets decreased their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Robert W. Baird reduced their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Stephens lowered their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Trading Down 3.4 %

UPS stock opened at $131.35 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a 52-week low of $123.12 and a 52-week high of $163.82. The company’s 50-day simple moving average is $130.34 and its 200-day simple moving average is $136.33. The firm has a market cap of $112.51 billion, a P/E ratio of 21.43, a PEG ratio of 2.00 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.54 earnings per share. As a group, equities analysts forecast that United Parcel Service will post 7.44 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

Insider Buying and Selling

In related news, Director William R. Johnson bought 5,000 shares of the stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. This represents a 3,100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UPS. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service during the second quarter worth about $32,000. Centerpoint Advisors LLC boosted its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Stephens Consulting LLC grew its holdings in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. 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.