United Parcel Service (NYSE:UPS) Price Target Raised to $157.00

United Parcel Service (NYSE:UPS) had its target price increased by Oppenheimer from $153.00 to $157.00 in a report released on Wednesday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on UPS. HSBC cut their target price on United Parcel Service from $155.00 to $150.00 and set a hold rating on the stock in a research report on Thursday, March 28th. Barclays cut their target price on United Parcel Service from $150.00 to $145.00 and set an equal weight rating on the stock in a research report on Wednesday, January 31st. Daiwa Capital Markets cut United Parcel Service from an outperform rating to a neutral rating and set a $155.00 target price on the stock. in a research report on Tuesday, December 26th. UBS Group raised United Parcel Service from a neutral rating to a buy rating and lifted their target price for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $183.00 to $179.00 and set a buy rating on the stock in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has an average rating of Hold and an average price target of $165.23.

United Parcel Service Trading Up 0.1 %

Shares of United Parcel Service stock opened at $147.53 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service has a 52 week low of $133.68 and a 52 week high of $192.98. The stock has a 50 day moving average price of $149.56 and a two-hundred day moving average price of $150.96. The stock has a market capitalization of $125.79 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service will post 8.21 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 94.49%.

Insider Buying and Selling

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN boosted its holdings in shares of United Parcel Service by 24.2% in the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. boosted its holdings in shares of United Parcel Service by 1.1% in the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock worth $999,000 after purchasing an additional 66 shares in the last quarter. Cullen Investment Group LTD. boosted its holdings in shares of United Parcel Service by 0.7% in the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after purchasing an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC boosted its holdings in shares of United Parcel Service by 0.5% in the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 69 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

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.