United Parcel Service, Inc. provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, the Asia Pacific, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa. This segment offers guaranteed time-definite express options. The company also provides international air and ocean freight forwarding, customs brokerage, distribution and post-sales, and mail and consulting services in approximately 200 countries and territories. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industry; shipping, visibility, and billing technologies; and financial and insurance services. The company operates a fleet of approximately 121,000 package cars, vans, tractors, and motorcycles; and owns 59,000 containers that are used to transport cargo in its aircraft. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
United Parcel Service Price Performance
Shares of NYSE:UPS opened at $204.43 on Friday. United Parcel Service has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The company has a 50 day simple moving average of $183.87 and a two-hundred day simple moving average of $194.14. The company has a market capitalization of $178.62 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.47 and a current ratio of 1.47.
United Parcel Service (NYSE:UPS - Get Rating) last announced its earnings results on Tuesday, July 26th. The transportation company reported $3.29 earnings per share for the quarter, beating analysts' consensus estimates of $3.14 by $0.15. The business had revenue of $24.80 billion during the quarter, compared to the consensus estimate of $24.59 billion. United Parcel Service had a net margin of 10.92% and a return on equity of 76.43%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.06 earnings per share. Analysts expect that United Parcel Service will post 12.81 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 1st. Investors of record on Monday, August 15th will be given a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, August 12th. United Parcel Service's dividend payout ratio (DPR) is currently 48.84%.
Wall Street Analyst Weigh In
UPS has been the subject of several analyst reports. Credit Suisse Group set a $223.00 price target on shares of United Parcel Service and gave the company an "outperform" rating in a research report on Wednesday, July 27th. Wells Fargo & Company cut their price target on shares of United Parcel Service from $270.00 to $223.00 and set an "overweight" rating for the company in a research report on Wednesday, July 27th. Wolfe Research lowered shares of United Parcel Service from a "peer perform" rating to an "underperform" rating in a research report on Tuesday, July 12th. Stephens dropped their target price on shares of United Parcel Service to $210.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. set a $199.00 target price on shares of United Parcel Service in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $215.82.
Insider Activity at United Parcel Service
In related news, CMO Kevin M. Warren sold 23,366 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.