Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a research report report published on Monday, November 6th. Oppenheimer Holdings, Inc. currently has a $123.00 price target on the transportation company’s stock. Oppenheimer Holdings also issued estimates for United Parcel Service’s Q4 2017 earnings at $1.64 EPS, FY2017 earnings at $5.98 EPS, Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $1.69 EPS, Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.83 EPS and FY2019 earnings at $7.10 EPS.
Several other research firms have also recently weighed in on UPS. Zacks Investment Research cut United Parcel Service from a buy rating to a hold rating in a report on Thursday, October 5th. TheStreet upgraded United Parcel Service from a c rating to a b rating in a report on Thursday, July 27th. Cowen and Company restated a hold rating on shares of United Parcel Service in a report on Tuesday, September 26th. BidaskClub cut United Parcel Service from a hold rating to a sell rating in a report on Friday, July 28th. Finally, Robert W. Baird restated a hold rating and set a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $120.74.
United Parcel Service (UPS) opened at $112.94 on Monday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $121.75. The company has a market capitalization of $97,323.79, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.03 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business earned $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% on a year-over-year basis. analysts expect that United Parcel Service will post 6.01 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $102,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United Parcel Service during the third quarter valued at approximately $120,000. First PREMIER Bank increased its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $126,000. Finally, Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 53.07% 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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