United Parcel Service (NYSE:UPS - Free Report) had its target price decreased by JPMorgan Chase & Co. from $110.00 to $107.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company's stock.
A number of other analysts have also recently commented on UPS. UBS Group reduced their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. BNP Paribas upgraded United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Susquehanna reduced their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $118.96.
Read Our Latest Stock Analysis on United Parcel Service
United Parcel Service Trading Up 0.2%
UPS traded up $0.16 on Tuesday, hitting $102.54. 1,796,385 shares of the company were exchanged, compared to its average volume of 5,229,775. The firm has a fifty day simple moving average of $99.02 and a two-hundred day simple moving average of $109.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $148.15. The stock has a market capitalization of $86.83 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $1.43 EPS. Sell-side analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.
United Parcel Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.
Hedge Funds Weigh In On United Parcel Service
Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of United Parcel Service in the fourth quarter valued at about $1,075,393,000. Goldman Sachs Group Inc. boosted its stake in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after buying an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after buying an additional 3,961,255 shares during the last quarter. Nuveen LLC purchased a new stake in shares of United Parcel Service in the first quarter worth about $201,358,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.
About United Parcel Service
(
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United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
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