Susquehanna Boosts United Parcel Service (NYSE:UPS) Price Target to $160.00

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

Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $178.00 to $170.00 and set a buy rating for the company in a research report on Thursday, March 28th. Redburn Atlantic upgraded shares of United Parcel Service from a neutral rating to a buy rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. Robert W. Baird upgraded shares of United Parcel Service from a neutral rating to an outperform rating and increased their price objective for the stock from $165.00 to $170.00 in a research report on Friday, February 16th. Evercore ISI reiterated an in-line rating and set a $154.00 price objective on shares of United Parcel Service in a research report on Wednesday, March 27th. Finally, HSBC decreased their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a hold rating for the company in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $165.23.

United Parcel Service Trading Up 0.1 %

Shares of NYSE UPS opened at $147.53 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service has a 52-week low of $133.68 and a 52-week high of $192.98. The firm has a 50 day moving average price of $149.56 and a two-hundred day moving average price of $150.96. The stock has a market cap of $125.79 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the prior year, the company posted $2.20 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

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

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the completion of the purchase, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UPS. MWA Asset Management bought a new position in shares of United Parcel Service during the third quarter valued at about $2,125,000. Chesapeake Wealth Management lifted its position in shares of United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC lifted its position in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after purchasing an additional 44,721 shares in the last quarter. CapWealth Advisors LLC lifted its position in shares of United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its position in shares of United Parcel Service by 1.0% during the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after purchasing an additional 740 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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.