United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.83 per share by the transportation company on Wednesday, November 29th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, November 10th.
United Parcel Service has raised its dividend by an average of 8.0% annually over the last three years and has raised its dividend every year for the last 7 years. United Parcel Service has a payout ratio of 55.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Parcel Service to earn $6.46 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 51.4%.
United Parcel Service (UPS) traded up $0.68 during midday trading on Friday, reaching $113.23. The company had a trading volume of 2,839,900 shares, compared to its average volume of 2,587,406. The firm has a market cap of $97,604.27, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $121.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. equities analysts anticipate that United Parcel Service will post 6.01 EPS for the current fiscal year.
UPS has been the subject of several recent research reports. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, October 6th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $119.22.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.59% of the stock is owned by insiders.
An institutional investor recently raised its position in United Parcel Service stock. Ark Investment Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,695 shares of the transportation company’s stock after purchasing an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 as of its most recent filing with the Securities and Exchange Commission. 52.87% of the stock is currently owned by hedge funds and other institutional investors.
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United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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