United Parcel Service, Inc. (NYSE:UPS) Given Average Recommendation of "Hold" by Brokerages

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) has received an average rating of "Hold" from the twenty-six ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $120.26.

A number of research analysts have recently commented on the company. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Truist Financial decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Thursday, May 1st. Finally, Citigroup decreased their price objective on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a report on Tuesday, April 8th.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service in the 4th quarter valued at about $26,000. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the 4th quarter valued at about $27,000. Finally, Citizens National Bank Trust Department lifted its position in United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.3%

NYSE UPS opened at $100.66 on Wednesday. The business has a fifty day moving average price of $97.89 and a two-hundred day moving average price of $111.17. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock has a market capitalization of $85.24 billion, a PE ratio of 14.67, a PEG ratio of 1.76 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the prior year, the company earned $1.43 EPS. United Parcel Service's revenue was down .9% compared to the same quarter last year. Equities analysts expect that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.52%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

United Parcel Service Company Profile

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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