United Parcel Service (NYSE:UPS) Given New $88.00 Price Target at Deutsche Bank Aktiengesellschaft

United Parcel Service (NYSE:UPS) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $100.00 to $88.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other analysts also recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Wolfe Research dropped their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Truist Financial dropped their target price on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Wells Fargo & Company reduced their target price on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 30th. Finally, Citigroup cut their price target on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $110.41.

United Parcel Service Stock Performance

UPS stock opened at $85.65 on Thursday. The business’s fifty day moving average is $86.54 and its 200-day moving average is $95.70. The company has a market cap of $72.60 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $145.01.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. United Parcel Service’s dividend payout ratio (DPR) is presently 97.62%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Christiana Smith Shi bought 500 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 17,182 shares of company stock worth $1,477,382. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently modified their holdings of the stock. InvesTrust grew its position in shares of United Parcel Service by 7.9% during the 3rd quarter. InvesTrust now owns 13,675 shares of the transportation company’s stock valued at $1,142,000 after buying an additional 998 shares during the last quarter. Park National Corp OH grew its position in United Parcel Service by 54.9% in the 3rd quarter. Park National Corp OH now owns 15,526 shares of the transportation company’s stock worth $1,297,000 after purchasing an additional 5,501 shares during the last quarter. Cacti Asset Management LLC grew its position in United Parcel Service by 0.6% in the 3rd quarter. Cacti Asset Management LLC now owns 370,070 shares of the transportation company’s stock worth $30,982,000 after purchasing an additional 2,102 shares during the last quarter. Cullen Capital Management LLC grew its position in United Parcel Service by 9.3% in the 2nd quarter. Cullen Capital Management LLC now owns 1,323,656 shares of the transportation company’s stock worth $133,610,000 after purchasing an additional 112,642 shares during the last quarter. Finally, CacheTech Inc. bought a new position in United Parcel Service in the 2nd quarter worth about $389,000. 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.