United Parcel Service, Inc. (NYSE:UPS) has earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm. Ten research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $113.31.
A number of equities analysts have recently issued reports on UPS shares. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, March 25th. Morgan Stanley lowered their price objective on United Parcel Service to $77.00 in a research report on Wednesday, February 22nd. Bank of America Corp downgraded United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 price objective for the company. in a research report on Wednesday, February 22nd. Barclays PLC restated a “hold” rating and set a $122.00 price objective on shares of United Parcel Service in a research report on Tuesday, January 10th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $111.00 price objective (up from $109.00) on shares of United Parcel Service in a research report on Monday, March 6th.
Shares of United Parcel Service (NYSE:UPS) traded up 0.35% during trading on Monday, reaching $107.43. 2,221,532 shares of the company were exchanged. The company has a 50 day moving average price of $106.28 and a 200-day moving average price of $110.34. United Parcel Service has a one year low of $100.05 and a one year high of $120.44. The stock has a market capitalization of $93.89 billion, a price-to-earnings ratio of 27.44 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The firm had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.19 billion. During the same period last year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts predict that United Parcel Service will post $5.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 11th. This represents a $3.32 annualized dividend and a dividend yield of 3.09%. United Parcel Service’s dividend payout ratio is 80.62%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.72% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $696,564,000. The Manufacturers Life Insurance Company purchased a new stake in United Parcel Service during the third quarter valued at approximately $183,368,000. Renaissance Technologies LLC purchased a new stake in United Parcel Service during the fourth quarter valued at approximately $149,468,000. Asset Management One Co. Ltd. increased its stake in United Parcel Service by 1,782.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,252,362 shares of the transportation company’s stock valued at $143,601,000 after buying an additional 1,185,828 shares in the last quarter. Finally, State Street Corp increased its stake in United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the transportation company’s stock valued at $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. Hedge funds and other institutional investors own 53.19% 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.