United Parcel Service, Inc. (NYSE:UPS - Get Free Report)'s share price shot up 0.1% on Thursday . The company traded as high as $96.29 and last traded at $95.97. Approximately 1,797,709 shares changed hands during trading, a decline of 72% from the average session volume of 6,372,752 shares. The stock had previously closed at $95.85.
Wall Street Analyst Weigh In
Several research analysts have commented on UPS shares. Bank of America boosted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Truist Financial decreased their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI increased their price target on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a research note on Wednesday, January 22nd. Finally, Citigroup decreased their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $120.26.
Read Our Latest Report on United Parcel Service
United Parcel Service Price Performance
The stock has a market cap of $82.11 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.23. The company has a 50 day simple moving average of $101.26 and a 200-day simple moving average of $116.97. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the company posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.76%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.
Hedge Funds Weigh In On United Parcel Service
A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of United Parcel Service in the fourth quarter worth approximately $1,075,393,000. Goldman Sachs Group Inc. grew its position in United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. raised its stake in United Parcel Service by 1,056.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after purchasing an additional 3,961,255 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $393,680,000. Finally, Nuveen LLC purchased a new position in shares of United Parcel Service during the first quarter valued at $201,358,000. Hedge funds and other institutional investors own 60.26% of the company's stock.
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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