United Parcel Service (NYSE:UPS) – Equities researchers at Seaport Global Securities decreased their FY2018 earnings per share estimates for shares of United Parcel Service in a research note issued to investors on Tuesday, May 22nd. Seaport Global Securities analyst K. Sterling now forecasts that the transportation company will post earnings per share of $7.18 for the year, down from their prior estimate of $7.19. Seaport Global Securities also issued estimates for United Parcel Service’s Q4 2018 earnings at $1.92 EPS, Q1 2019 earnings at $1.67 EPS and Q4 2019 earnings at $2.19 EPS.
A number of other brokerages have also recently commented on UPS. Loop Capital upgraded United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $105.61 to $128.00 in a research note on Monday, February 26th. BMO Capital Markets lowered their target price on United Parcel Service to $121.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Tuesday, April 10th. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $124.26.
Shares of United Parcel Service opened at $115.28 on Thursday, according to MarketBeat.com. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53. The firm has a market capitalization of $99.40 billion, a PE ratio of 19.18, a PEG ratio of 1.72 and a beta of 1.02. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Sawyer & Company Inc acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $2,779,000. Palo Capital Inc. grew its stake in shares of United Parcel Service by 8.7% in the 4th quarter. Palo Capital Inc. now owns 30,452 shares of the transportation company’s stock valued at $3,628,000 after buying an additional 2,434 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of United Parcel Service by 188.1% in the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 72,946 shares of the transportation company’s stock valued at $8,735,000 after buying an additional 47,629 shares during the period. Gould Asset Management LLC CA grew its stake in shares of United Parcel Service by 27.8% in the 4th quarter. Gould Asset Management LLC CA now owns 2,300 shares of the transportation company’s stock valued at $274,000 after buying an additional 500 shares during the period. Finally, Westpac Banking Corp grew its stake in shares of United Parcel Service by 0.4% in the 4th quarter. Westpac Banking Corp now owns 200,318 shares of the transportation company’s stock valued at $23,868,000 after buying an additional 823 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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