Shares of United Parcel Service, Inc. (NYSE:UPS - Get Free Report) shot up 0.9% on Thursday . The company traded as high as $98.20 and last traded at $98.13. 1,268,358 shares changed hands during trading, a decline of 74% from the average session volume of 4,810,147 shares. The stock had previously closed at $97.21.
Wall Street Analysts Forecast Growth
UPS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 target price for the company. UBS Group dropped their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Wolfe Research decreased their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Loop Capital cut their price target on United Parcel Service from $120.00 to $115.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of "Moderate Buy" and an average price target of $128.30.
Read Our Latest Stock Analysis on United Parcel Service
United Parcel Service Stock Performance
The stock's 50-day moving average is $109.28 and its 200-day moving average is $122.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a market cap of $84.14 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating 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 period in the prior year, the company earned $2.47 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS 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. Investors of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 6.66%. United Parcel Service's dividend payout ratio (DPR) is currently 97.04%.
Hedge Funds Weigh In On United Parcel Service
A number of large investors have recently bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. IFS Advisors LLC boosted its holdings in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at $28,000. 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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