United Parcel Service (NYSE:UPS) Given New $160.00 Price Target at Susquehanna

United Parcel Service (NYSE:UPS) had its price target increased by Susquehanna from $150.00 to $160.00 in a report issued on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other research analysts have also issued reports on the stock. Argus lowered shares of United Parcel Service from a buy rating to a hold rating in a research note on Wednesday, January 31st. Daiwa Capital Markets lowered shares of United Parcel Service from an outperform rating to a neutral rating and set a $155.00 price objective for the company. in a research note on Tuesday, December 26th. Barclays reduced their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an equal weight rating for the company in a research note on Wednesday, January 31st. Evercore ISI restated an in-line rating and set a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. Finally, Morgan Stanley raised their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an underweight rating in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $165.23.

United Parcel Service Stock Up 0.1 %

Shares of United Parcel Service stock opened at $147.53 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The company has a 50-day moving average of $149.56 and a 200 day moving average of $150.96. The firm has a market cap of $125.79 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.68 and a beta of 1.05. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. As a group, sell-side analysts anticipate that United Parcel Service will post 8.21 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $1.63 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in United Parcel Service by 0.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after acquiring an additional 64 shares during the period. First Financial Corp IN raised its stake in United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after acquiring an additional 65 shares during the period. Gleason Group Inc. raised its stake in United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after acquiring an additional 66 shares during the period. Cullen Investment Group LTD. raised its stake in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after acquiring an additional 68 shares during the period. Finally, Advisors Capital Management LLC raised its stake in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after acquiring an additional 69 shares during the period. 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.