United Parcel Service, Inc. (NYSE:UPS - Get Free Report) rose 1.5% on Friday . The company traded as high as $98.75 and last traded at $98.34. Approximately 705,491 shares were traded during trading, a decline of 86% from the average daily volume of 5,136,832 shares. The stock had previously closed at $96.87.
Analysts Set New Price Targets
UPS has been the subject of several research analyst reports. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, Loop Capital dropped their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and an average target price of $120.26.
View Our Latest Stock Analysis on UPS
United Parcel Service Stock Performance
The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market capitalization of $83.19 billion, a PE ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The firm has a fifty day moving average price of $97.32 and a 200 day moving average price of $113.99.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The company 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 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is 95.63%.
Institutional Trading of United Parcel Service
Large investors have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. grew its holdings in shares of United Parcel Service by 15.9% during the first quarter. Hodges Capital Management Inc. now owns 6,012 shares of the transportation company's stock valued at $661,000 after buying an additional 824 shares in the last quarter. Modern Wealth Management LLC grew its stake in United Parcel Service by 13.1% during the 1st quarter. Modern Wealth Management LLC now owns 12,326 shares of the transportation company's stock valued at $1,356,000 after acquiring an additional 1,429 shares in the last quarter. Strs Ohio purchased a new position in United Parcel Service during the 1st quarter valued at about $36,638,000. Jacobi Capital Management LLC increased its holdings in shares of United Parcel Service by 2.8% in the 1st quarter. Jacobi Capital Management LLC now owns 22,700 shares of the transportation company's stock valued at $2,497,000 after purchasing an additional 609 shares during the period. Finally, Advisors Capital Management LLC increased its holdings in shares of United Parcel Service by 31.0% in the 1st quarter. Advisors Capital Management LLC now owns 363,985 shares of the transportation company's stock valued at $40,035,000 after purchasing an additional 86,126 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.
About United Parcel Service
(
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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