United Parcel Service (NYSE:UPS) Cut to Hold at Wall Street Zen

United Parcel Service (NYSE:UPS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein upped their target price on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup upped their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Evercore lowered their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Up 0.4%

UPS stock opened at $114.60 on Friday. The firm has a market cap of $97.41 billion, a PE ratio of 18.54, a PEG ratio of 1.83 and a beta of 1.05. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a fifty day simple moving average of $108.28 and a 200 day simple moving average of $106.62. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. Sell-side analysts anticipate that United Parcel Service will post 7.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Brighton Jones LLC increased its stake in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC acquired a new stake in United Parcel Service during the second quarter valued at approximately $277,000. SVB Wealth LLC acquired a new stake in United Parcel Service during the second quarter valued at approximately $848,000. Treasurer of the State of North Carolina grew its stake in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after purchasing an additional 9,124 shares during the period. Finally, Ieq Capital LLC raised its holdings in shares of United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.