Susquehanna Cuts United Parcel Service (NYSE:UPS) Price Target to $100.00

United Parcel Service (NYSE:UPS) had its price objective reduced by Susquehanna from $110.00 to $100.00 in a research note released on Wednesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also recently weighed in on UPS. DA Davidson dropped their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Daiwa America dropped their price objective on shares of United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Bank of America restated a “neutral” rating and issued a $98.00 price objective on shares of United Parcel Service in a report on Tuesday. Finally, Truist Financial dropped their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.81.

United Parcel Service Price Performance

Shares of UPS opened at $84.54 on Wednesday. United Parcel Service has a 1-year low of $84.28 and a 1-year high of $145.01. The stock has a market cap of $71.59 billion, a PE ratio of 12.58, a P/E/G ratio of 1.56 and a beta of 1.12. The firm has a 50-day simple moving average of $99.32 and a two-hundred day simple moving average of $106.14. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09.

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

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service’s dividend payout ratio is 97.62%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average price of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the business. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service in the 1st quarter valued at $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in United Parcel Service in the 2nd quarter valued at $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $27,000. Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the 4th quarter valued at $28,000. Hedge funds and other 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.