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

Shares of United Parcel Service, Inc. (NYSE:UPS - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-eight research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $119.13.

A number of brokerages recently issued reports on UPS. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Truist Financial reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets lowered their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in United Parcel Service by 1.5% during the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock worth $7,274,323,000 after buying an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 last quarter. Geode Capital Management LLC raised its holdings in shares of United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after purchasing an additional 414,710 shares during the period. Franklin Resources Inc. lifted its stake in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC lifted its stake in United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

NYSE:UPS opened at $99.21 on Friday. The stock's 50-day simple moving average is $99.85 and its 200 day simple moving average is $108.02. United Parcel Service has a 52-week low of $90.55 and a 52-week high of $146.17. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $84.01 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.91 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The business's revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. United Parcel Service's payout ratio is 95.63%.

About United Parcel Service

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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