United Parcel Service (NYSE:UPS) Given New $120.00 Price Target at Wells Fargo & Company

United Parcel Service (NYSE:UPS) had its target price decreased by Wells Fargo & Company from $128.00 to $120.00 in a report released on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the transportation company’s stock.

A number of other brokerages have also recently commented on UPS. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Susquehanna lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Evercore ISI lifted their price objective on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Morgan Stanley reduced their target price on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.57.

United Parcel Service Trading Up 0.0 %

Shares of United Parcel Service stock opened at $111.05 on Thursday. The company has a 50-day moving average of $118.92 and a two-hundred day moving average of $126.58. The stock has a market cap of $94.85 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. 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 12-month low of $109.40 and a 12-month high of $154.29.

United Parcel Service (NYSE:UPS) last released 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 39.13% and a net margin of 6.35%. During the same period in the prior year, the company posted $2.47 earnings per share. On average, research analysts anticipate that United Parcel Service will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.91%. United Parcel Service’s payout ratio is currently 97.04%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $26,000. IFS Advisors LLC increased its position in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Pinney & Scofield Inc. purchased a new position in United Parcel Service in the fourth quarter valued at approximately $27,000. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.