JPMorgan Chase & Co. Cuts United Parcel Service (NYSE:UPS) Price Target to $139.00

United Parcel Service (NYSE:UPS) had its price objective trimmed by JPMorgan Chase & Co. from $140.00 to $139.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other research analysts also recently commented on UPS. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Citigroup assumed coverage on shares of United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target for the company. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna lifted their price target on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Stock Down 0.7 %

UPS stock opened at $137.43 on Friday. The firm has a fifty day moving average price of $130.89 and a two-hundred day moving average price of $135.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market cap of $117.72 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 earnings per share. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that United Parcel Service will post 7.44 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.74%. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently modified their holdings of the stock. 180 Wealth Advisors LLC lifted its holdings in shares of United Parcel Service by 8.3% during the first quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 127 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in United Parcel Service by 12.6% during the first quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock valued at $332,000 after buying an additional 249 shares in the last quarter. Vicus Capital acquired a new position in shares of United Parcel Service in the first quarter worth about $461,000. CRA Financial Services LLC increased its position in shares of United Parcel Service by 3.1% in the first quarter. CRA Financial Services LLC now owns 8,180 shares of the transportation company’s stock worth $1,216,000 after acquiring an additional 248 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of United Parcel Service by 1.6% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,965 shares of the transportation company’s stock valued at $4,900,000 after acquiring an additional 524 shares during the period. Institutional investors and hedge funds 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.