United Parcel Service (NYSE:UPS) Given New $120.00 Price Target at JPMorgan Chase & Co.

United Parcel Service (NYSE:UPS) had its target price cut by JPMorgan Chase & Co. from $135.00 to $120.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $160.00 to $130.00 in a research report on Friday. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a report on Wednesday, January 22nd. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.95.

United Parcel Service Stock Down 0.6 %

UPS stock opened at $114.19 on Friday. The firm has a market capitalization of $97.45 billion, a PE ratio of 17.25, a P/E/G ratio of 1.88 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service has a twelve month low of $109.62 and a twelve month high of $158.95. The stock’s 50 day moving average is $128.31 and its 200-day moving average is $130.40.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. During the same quarter in the previous year, the firm posted $2.47 EPS. Sell-side analysts expect that United Parcel Service will post 7.5 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Insider Activity

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quarry LP grew its holdings in shares of United Parcel Service by 453.6% during the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock worth $73,000 after purchasing an additional 440 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of United Parcel Service by 67.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock worth $102,000 after buying an additional 300 shares during the last quarter. AMF Tjanstepension AB raised its position 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 buying an additional 30,815 shares in the last quarter. Czech National Bank raised its position in shares of United Parcel Service by 7.4% during the 3rd quarter. Czech National Bank now owns 149,220 shares of the transportation company’s stock valued at $20,345,000 after buying an additional 10,227 shares in the last quarter. Finally, Farmers Trust Co. grew its position in United Parcel Service by 14.1% in the third quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company’s stock worth $414,000 after acquiring an additional 375 shares in the last quarter. Institutional investors 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.