United Parcel Service (NYSE:UPS) Given New $158.00 Price Target at Bank of America

United Parcel Service (NYSE:UPS) had its target price trimmed by Bank of America from $160.00 to $158.00 in a report published on Monday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Other research analysts have also issued reports about the company. Evercore ISI dropped their target price on United Parcel Service from $157.00 to $145.00 and set an in-line rating on the stock in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a buy rating for the company in a research note on Thursday, March 28th. Stifel Nicolaus decreased their price target on United Parcel Service from $178.00 to $170.00 and set a buy rating for the company in a research note on Thursday, March 28th. Oppenheimer upped their price target on United Parcel Service from $153.00 to $157.00 and gave the stock an outperform rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley upped their price target on United Parcel Service from $95.00 to $100.00 and gave the stock an underweight rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $154.95.

United Parcel Service Stock Performance

Shares of UPS stock opened at $127.08 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service has a fifty-two week low of $124.80 and a fifty-two week high of $189.65. The stock’s 50-day moving average is $138.05 and its two-hundred day moving average is $145.91. The firm has a market cap of $108.72 billion, a P/E ratio of 18.42, a PEG ratio of 1.65 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its earnings results 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 34.90% and a net margin of 5.87%. The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the company earned $2.54 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts predict that United Parcel Service will post 8.14 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.13%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insiders Place Their Bets

In other news, Director William R. Johnson acquired 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Hedge funds have recently modified their holdings of the company. Tennessee Valley Asset Management Partners acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Life Planning Partners Inc acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $28,000. Northwest Financial Advisors acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors 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.