United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price rose 0.2% during mid-day trading on Friday after Bank of America raised their price target on the stock from $111.00 to $115.00. Bank of America currently has a buy rating on the stock. United Parcel Service traded as high as $101.65 and last traded at $100.53. Approximately 1,487,753 shares traded hands during trading, a decline of 77% from the average daily volume of 6,400,719 shares. The stock had previously closed at $100.35.
UPS has been the subject of a number of other reports. 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. Barclays lowered their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Thursday, May 1st. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, UBS Group cut their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $120.26.
View Our Latest Analysis on UPS
Institutional Investors Weigh In On United Parcel Service
A number of hedge funds have recently modified their holdings of the stock. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth $27,000. IFS Advisors LLC boosted its holdings in shares of United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the fourth quarter valued at approximately $28,000. Institutional investors own 60.26% of the company's stock.
United Parcel Service Stock Performance
The company has a market cap of $86.37 billion, a PE ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.23. The business's 50-day moving average is $102.66 and its 200 day moving average is $117.95. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.49%. United Parcel Service's payout ratio is 95.63%.
United Parcel Service Company Profile
(
Get Free Report)
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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