United Parcel Service (NYSE:UPS - Free Report) had its price target lowered by Citigroup from $149.00 to $123.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company's stock.
A number of other equities analysts have also weighed in on UPS. Raymond James lowered their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Tuesday. Wolfe Research upgraded United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price objective on United Parcel Service from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Morgan Stanley decreased their target price on shares of United Parcel Service from $100.00 to $82.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a "market perform" rating to an "outperform" rating and cut their price target for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and an average target price of $131.32.
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United Parcel Service Stock Up 0.4 %
NYSE:UPS traded up $0.39 during midday trading on Tuesday, hitting $96.95. 5,542,916 shares of the company were exchanged, compared to its average volume of 4,808,906. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $153.42. The company has a market capitalization of $82.81 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The company has a fifty day simple moving average of $112.11 and a 200 day simple moving average of $123.97.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the company earned $2.47 EPS. As a group, equities analysts anticipate that United Parcel Service will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a yield of 6.77%. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.
Hedge Funds Weigh In On United Parcel Service
Several institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its position in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock worth $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $461,000. Synovus Financial Corp grew its holdings in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares in the last quarter. HF Advisory Group LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its stake in United Parcel Service by 27.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock valued at $16,304,000 after acquiring an additional 28,108 shares in the last quarter. Institutional investors own 60.26% of the company's stock.
About United Parcel Service
(
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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.
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