Barclays Lowers United Parcel Service (NYSE:UPS) Price Target to $90.00

United Parcel Service (NYSE:UPS) had its price target trimmed by Barclays from $100.00 to $90.00 in a report released on Monday,Benzinga reports. The firm currently has an underweight rating on the transportation company’s stock.

UPS has been the topic of several other reports. Citigroup reduced their price target on United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Loop Capital reduced their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price target for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Robert W. Baird downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.83.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $110.16 on Monday. The company has a fifty day moving average of $117.20 and a 200-day moving average of $126.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service has a 52-week low of $108.18 and a 52-week high of $154.29. The stock has a market capitalization of $94.10 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping 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 previous year, the firm earned $2.47 EPS. Equities research analysts expect that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a yield of 5.95%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s payout ratio is currently 97.04%.

Institutional Trading of United Parcel Service

Hedge funds and other institutional investors have recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $26,000. IFS Advisors LLC grew its position in shares of United Parcel Service by 232.3% during the fourth 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. bought a new stake in United Parcel Service during the 4th quarter valued at approximately $27,000. Finally, Fourth Dimension Wealth LLC purchased a new position in United Parcel Service in the 4th quarter worth 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.