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

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

Several other research analysts also recently commented on the company. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. UBS Group lowered their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citizens Jmp started coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Susquehanna upped their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Trading Down 1.7%

Shares of UPS stock opened at $112.85 on Friday. The stock has a market capitalization of $95.92 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.83 and a beta of 1.05. The company’s fifty day simple moving average is $108.62 and its two-hundred day simple moving average is $106.71. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Shrier Wealth Management LLC purchased a new position in United Parcel Service in the 4th quarter valued at approximately $1,099,000. LFG Wealth Partners LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $1,207,000. CWM LLC raised its stake in shares of United Parcel Service by 49.4% in the fourth quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock valued at $29,495,000 after acquiring an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC raised its stake in shares of United Parcel Service by 937.9% in the fourth quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after acquiring an additional 221,905 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after purchasing an additional 65,652 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.