United Parcel Service, Inc. (NYSE:UPS) Receives Consensus Rating of “Hold” from Brokerages

United Parcel Service, Inc. (NYSE:UPS) has been assigned a consensus recommendation of “Hold” from the twenty-eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $113.6667.

A number of research firms have recently issued reports on UPS. UBS Group raised their price target on United Parcel Service from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. TD Cowen increased their target price on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. BMO Capital Markets boosted their price target on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Finally, Truist Financial upped their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors have recently bought and sold shares of the stock. Union Savings Bank purchased a new stake in United Parcel Service in the 4th quarter worth approximately $130,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in United Parcel Service during the fourth quarter valued at approximately $772,000. Bayban bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $57,000. Pure Financial Advisors LLC increased its stake in shares of United Parcel Service by 3.7% in the fourth quarter. Pure Financial Advisors LLC now owns 19,626 shares of the transportation company’s stock worth $1,947,000 after purchasing an additional 696 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of United Parcel Service during the 4th quarter valued at $99,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 1.4%

UPS opened at $100.89 on Monday. The stock has a market capitalization of $85.67 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.62 and a beta of 1.08. The firm has a 50 day moving average price of $110.08 and a 200-day moving average price of $97.61. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $123.70. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. Equities research analysts forecast that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th were given a $1.64 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $6.56 annualized dividend and a yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is presently 100.00%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.