The Goldman Sachs Group, Inc. initiated coverage on shares of United Parcel Service, Inc. (NYSE:UPS) in a report issued on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $148.00 price target on the transportation company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of United Parcel Service from a hold rating to a buy rating and set a $133.00 target price on the stock in a report on Friday, October 6th. Cowen and Company reissued a hold rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub cut shares of United Parcel Service from a hold rating to a sell rating in a report on Friday, July 28th. Robert W. Baird reaffirmed a hold rating and issued a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. Finally, J P Morgan Chase & Co upped their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a neutral rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $120.74.
Shares of United Parcel Service (NYSE UPS) opened at $113.70 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $121.75. The stock has a market cap of $97,980.00, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The business had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities research analysts forecast that United Parcel Service will post 6.01 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio is 81.57%.
In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale 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 company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of United Parcel Service by 2.7% during the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after buying an additional 1,262,293 shares during the last quarter. BlackRock Inc. grew its holdings in shares of United Parcel Service by 2,550.9% during 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 last quarter. Wellington Management Group LLP grew its holdings in shares of United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of United Parcel Service by 5.4% during 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 last quarter. Finally, FMR LLC grew its holdings in shares of United Parcel Service by 0.5% during the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after buying an additional 71,666 shares during the last quarter. 53.07% of the stock is owned by institutional investors and hedge funds.
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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