Oppenheimer Cuts United Parcel Service (NYSE:UPS) Price Target to $114.00

United Parcel Service (NYSE:UPS) had its price target decreased by Oppenheimer from $126.00 to $114.00 in a research note released on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

UPS has been the topic of a number of other research reports. Wolfe Research lowered their price objective on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Galvan Research dropped their price target on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. StockNews.com downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Monday, April 28th. Finally, Susquehanna decreased their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $120.87.

United Parcel Service Price Performance

Shares of UPS opened at $96.33 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The firm has a market cap of $82.28 billion, a PE ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.23. The firm’s 50 day moving average price is $106.54 and its 200 day moving average price is $120.26. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $153.42.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. United Parcel Service’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. As a group, research analysts expect 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 $1.64 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 95.63%.

Institutional Trading of United Parcel Service

Several institutional investors have recently bought and sold shares of UPS. IMG Wealth Management Inc. bought a new position in shares of United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the fourth quarter valued at about $26,000. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the first quarter worth about $26,000. IFS Advisors LLC increased its holdings 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 buying an additional 151 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.