Oppenheimer Cuts United Parcel Service (NYSE:UPS) Price Target to $100.00

United Parcel Service (NYSE:UPS) had its price target decreased by Oppenheimer from $114.00 to $100.00 in a research report report published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the company. BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. Stifel Canada decreased their price target on United Parcel Service from $145.00 to $124.00 in a report on Wednesday, April 30th. Susquehanna decreased their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. Wolfe Research decreased their price target on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Finally, Bernstein Bank raised their price target on United Parcel Service from $132.00 to $133.00 in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.81.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $84.54 on Wednesday. United Parcel Service has a one year low of $84.28 and a one year high of $145.01. The stock’s fifty day moving average is $99.32 and its 200 day moving average is $106.14. The stock has a market cap of $71.59 billion, a P/E ratio of 12.58, a P/E/G ratio of 1.56 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.79 earnings per share. Sell-side analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Activity

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director directly owned 10,160 shares of the company’s stock, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UPS. Goldman Sachs Group Inc. boosted its position in shares of United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. boosted its position in shares of United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC purchased a new position in shares of United Parcel Service during the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after buying an additional 1,264,842 shares during the period. Hedge funds and other institutional investors 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.