United Parcel Service (NYSE:UPS) Given New $162.00 Price Target at The Goldman Sachs Group

United Parcel Service (NYSE:UPS) had its target price decreased by The Goldman Sachs Group from $165.00 to $162.00 in a research note issued to investors on Wednesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.

A number of other research firms have also recently commented on UPS. Citigroup initiated coverage on United Parcel Service in a research report on Wednesday. They issued a buy rating and a $162.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of United Parcel Service from $170.00 to $151.00 and set a buy rating on the stock in a research report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a strong-buy rating in a research report on Wednesday, July 24th. Evercore ISI lowered their price objective on United Parcel Service from $157.00 to $145.00 and set an in-line rating on the stock in a report on Monday, June 24th. Finally, Barclays decreased their target price on United Parcel Service from $145.00 to $120.00 and set an equal weight rating on the stock in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $150.86.

United Parcel Service Trading Up 1.6 %

United Parcel Service stock opened at $133.02 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The stock’s 50 day simple moving average is $128.99 and its two-hundred day simple moving average is $137.29. United Parcel Service has a 12 month low of $123.12 and a 12 month high of $163.82. The firm has a market cap of $113.94 billion, a PE ratio of 19.28, a P/E/G ratio of 1.93 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 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company posted $2.54 EPS. The company’s revenue was down 1.1% on a year-over-year basis. Analysts anticipate that United Parcel Service will post 7.43 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.90%. United Parcel Service’s payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On United Parcel Service

Several large investors have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC raised its position in United Parcel Service by 16.3% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 4,629 shares of the transportation company’s stock valued at $631,000 after purchasing an additional 650 shares in the last quarter. Maltin Wealth Management Inc. lifted its stake in United Parcel Service by 1.8% in the third quarter. Maltin Wealth Management Inc. now owns 18,952 shares of the transportation company’s stock worth $2,584,000 after acquiring an additional 342 shares during the last quarter. Successful Portfolios LLC grew its holdings in United Parcel Service by 3.0% during the 3rd quarter. Successful Portfolios LLC now owns 2,889 shares of the transportation company’s stock worth $394,000 after acquiring an additional 85 shares in the last quarter. Virginia Wealth Management Group Inc. increased its position in shares of United Parcel Service by 40.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 19,502 shares of the transportation company’s stock valued at $2,659,000 after purchasing an additional 5,634 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in shares of United Parcel Service by 21.5% in the 3rd quarter. Independence Bank of Kentucky now owns 20,259 shares of the transportation company’s stock valued at $2,762,000 after purchasing an additional 3,580 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.