United Parcel Service, Inc. (NYSE:UPS) has been given a consensus rating of “Hold” by the twenty-three research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $121.53.
A number of research analysts have recently commented on UPS shares. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Goldman Sachs Group started coverage on shares of United Parcel Service in a research note on Monday, November 13th. They set a “buy” rating and a $148.00 price objective for the company. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $135.00 in a research note on Monday, December 4th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 price objective on shares of United Parcel Service in a research note on Friday, August 25th. Finally, Cowen reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th.
United Parcel Service (NYSE:UPS) traded up $0.19 during trading hours on Thursday, reaching $119.00. 2,080,604 shares of the company’s stock were exchanged, compared to its average volume of 2,980,000. The stock has a market cap of $102,550.00, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $125.16.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. equities analysts predict that United Parcel Service will post 6.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wisconsin Investment Board boosted its holdings in United Parcel Service by 50.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after acquiring an additional 239,350 shares during the period. Brookstone Capital Management boosted its holdings in United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after acquiring an additional 4,541 shares during the period. Wesbanco Bank Inc. boosted its holdings in United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after acquiring an additional 5,325 shares during the period. Vanguard Group Inc. boosted its holdings in United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after acquiring an additional 1,030,326 shares during the period. Finally, Dividend Assets Capital LLC purchased a new position in United Parcel Service in the 2nd quarter worth approximately $575,000. 53.49% of the stock is owned by hedge funds and other institutional investors.
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About United Parcel Service
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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