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

Key Points

• United Parcel Service, Inc. (UPS) has received a consensus recommendation of "Hold" from thirty research firms, with two sell ratings and one strong buy.
• The company posted a net revenue of $21.20 billion for the quarter, exceeding analyst estimates, but reported a decrease in earnings per share compared to the same quarter last year.
• UPS recently declared a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.4%.

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) has received a consensus recommendation of "Hold" from the thirty research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $112.8125.

A number of brokerages recently issued reports on UPS. Galvan Research dropped their target price on United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, June 30th. Wells Fargo & Company dropped their target price on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group decreased their price target on United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Truist Financial decreased their price target on United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Stephens decreased their price target on United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th.

United Parcel Service Price Performance

Shares of UPS opened at $88.17 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50 day simple moving average of $97.59 and a 200 day simple moving average of $103.68. United Parcel Service has a 52-week low of $84.28 and a 52-week high of $145.01. The firm has a market capitalization of $74.66 billion, a PE ratio of 13.12, a P/E/G ratio of 1.59 and a beta of 1.12.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the firm posted $1.79 earnings per share. United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's dividend payout ratio is 97.62%.

Insider Buying and Selling

In other news, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, with a total value of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UPS. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% in the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company's stock worth $25,000 after acquiring an additional 131 shares in the last quarter. Graybill Wealth Management LTD. bought a new position in United Parcel Service in the first quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service in the second quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $27,000. Finally, Citizens National Bank Trust Department boosted its holdings in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $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 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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