Barclays Reaffirms “Underweight” Rating for United Parcel Service (NYSE:UPS)

Barclays reissued their underweight rating on shares of United Parcel Service (NYSE:UPS) in a report published on Monday, MarketBeat Ratings reports. They currently have a $120.00 price objective on the transportation company’s stock.

Several other brokerages have also recently issued reports on UPS. Bank of America cut their price target on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Susquehanna dropped their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Citigroup began coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Stock Up 0.1 %

UPS opened at $131.41 on Monday. The stock has a fifty day moving average of $130.54 and a 200-day moving average of $136.15. The company has a market capitalization of $112.56 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.00 and a beta of 0.99. United Parcel Service has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the firm earned $2.54 EPS. United Parcel Service’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service will post 7.44 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.96%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.36%.

Hedge Funds Weigh In On United Parcel Service

Hedge funds have recently modified their holdings of the business. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the 2nd quarter worth about $28,000. Riverview Trust Co bought a new stake in United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its position in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 175 shares during the period. Stephens Consulting LLC raised its holdings in United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the period. 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.