United Parcel Service, Inc. (NYSE:UPS - Get Free Report) was up 0.2% during trading on Tuesday . The stock traded as high as $118.71 and last traded at $118.25. Approximately 619,857 shares changed hands during trading, a decline of 86% from the average daily volume of 4,419,494 shares. The stock had previously closed at $118.06.
Wall Street Analyst Weigh In
UPS has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. The Goldman Sachs Group dropped their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their target price on United Parcel Service from $150.00 to $128.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average target price of $138.09.
Get Our Latest Analysis on UPS
United Parcel Service Stock Performance
The firm's 50 day moving average is $120.29 and its 200 day moving average is $127.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a market cap of $98.44 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (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 prior year, the firm earned $2.47 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.69%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UPS. Norges Bank acquired a new stake in United Parcel Service during the 4th quarter worth about $1,075,393,000. Raymond James Financial Inc. purchased a new position in shares of United Parcel Service in the fourth quarter worth about $393,680,000. Two Sigma Advisers LP lifted its holdings in shares of United Parcel Service by 833.4% during the third quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company's stock worth $282,783,000 after purchasing an additional 1,851,900 shares during the period. Franklin Resources Inc. boosted its position in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in United Parcel Service by 77.7% in the 4th quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company's stock worth $397,329,000 after buying an additional 1,378,136 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.
About United Parcel Service
(
Get Free Report)
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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