Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $110.00

United Parcel Service (NYSE:UPS) had its price objective decreased by Susquehanna from $120.00 to $110.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on UPS. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Loop Capital dropped their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Wolfe Research decreased their price target on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Price Performance

Shares of UPS opened at $96.33 on Wednesday. The stock has a market capitalization of $82.28 billion, a PE ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.23. The company has a 50 day moving average price of $106.54 and a 200-day moving average price of $120.26. 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 fifty-two week low of $90.55 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the company posted $1.43 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced 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 an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.81%. United Parcel Service’s dividend payout ratio is presently 95.63%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $1,075,393,000. Raymond James Financial Inc. purchased a new position in United Parcel Service in the fourth quarter valued at $393,680,000. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp grew its position in shares of United Parcel Service by 77.7% during the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after acquiring an additional 1,378,136 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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.