Shares of United Parcel Service, Inc. (NYSE:UPS) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $113.31.
Several brokerages recently issued reports on UPS. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Seaport Global Securities began coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Wells Fargo & Company began coverage on United Parcel Service in a research report on Monday, March 13th. They set a “market perform” rating and a $115.00 target price on the stock. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $111.00 target price (up from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th.
United Parcel Service (NYSE UPS) traded up 1.10% during trading on Tuesday, reaching $110.27. The company’s stock had a trading volume of 4,352,130 shares. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.44. The firm’s 50-day moving average price is $106.67 and its 200 day moving average price is $109.22. The company has a market capitalization of $95.69 billion, a P/E ratio of 28.17 and a beta of 0.89. United Parcel Service also was the recipient of unusually large options trading on Friday. Stock investors acquired 6,398 call options on the company. This represents an increase of 675% compared to the typical volume of 826 call options.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The firm had revenue of $15.32 billion during the quarter, compared to analysts’ expectations of $15.19 billion. United Parcel Service had a return on equity of 320.39% and a net margin of 5.60%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. On average, analysts predict that United Parcel Service will post $5.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th were given a dividend of $0.83 per share. The ex-dividend date was Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a yield of 3.01%. United Parcel Service’s dividend payout ratio is currently 84.69%.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares during the period. Norges Bank purchased a new position in United Parcel Service during the fourth quarter valued at $696,564,000. Lazard Asset Management LLC increased its position in United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock valued at $465,797,000 after buying an additional 4,340,971 shares during the period. Renaissance Technologies LLC purchased a new position in United Parcel Service during the fourth quarter valued at $149,468,000. Finally, Massachusetts Financial Services Co. MA increased its position in United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares during the period. Institutional investors own 53.62% of the company’s stock.
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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