Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $130.00

United Parcel Service (NYSE:UPS) had its target price lowered by Susquehanna from $140.00 to $130.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. UBS Group raised their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America lowered their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday. Evercore ISI raised their price objective on shares of United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Two investment 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.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average price target of $141.95.

United Parcel Service Price Performance

NYSE:UPS opened at $114.19 on Friday. The company has a 50-day moving average of $128.31 and a 200-day moving average of $130.28. The company has a market capitalization of $97.45 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. United Parcel Service has a 52 week low of $109.62 and a 52 week high of $158.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the previous year, the company posted $2.47 earnings per share. As a group, equities research analysts anticipate that United Parcel Service will post 7.5 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 96.45%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP raised its stake in shares of United Parcel Service by 453.6% in the second quarter. Quarry LP now owns 537 shares of the transportation company’s stock valued at $73,000 after buying an additional 440 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of United Parcel Service by 67.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 745 shares of the transportation company’s stock valued at $102,000 after buying an additional 300 shares during the period. AMF Tjanstepension AB raised its stake in shares of United Parcel Service by 39.7% in the third 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 during the period. Czech National Bank raised its stake in shares of United Parcel Service by 7.4% in the third 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 during the period. Finally, Farmers Trust Co. raised its stake in shares of United Parcel Service by 14.1% in the third quarter. Farmers Trust Co. now owns 3,036 shares of the transportation company’s stock valued at $414,000 after buying an additional 375 shares during the period. Hedge funds and other 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.