Sanford C. Bernstein Reaffirms Outperform Rating for United Parcel Service Inc. (UPS)
Sanford C. Bernstein reissued their outperform rating on shares of United Parcel Service Inc. (NYSE:UPS) in a report issued on Friday morning. Sanford C. Bernstein currently has a $116.00 price target on the stock.
Other equities research analysts have also issued research reports about the stock. Oppenheimer Holdings Inc. restated an outperform rating and issued a $116.00 target price (up previously from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Morgan Stanley set a $91.00 price objective on shares of United Parcel Service and gave the company a sell rating in a research report on Monday, August 1st. William Blair reaffirmed an outperform rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Argus boosted their price objective on shares of United Parcel Service from $115.00 to $125.00 and gave the company a buy rating in a research report on Tuesday, August 2nd. Finally, Vetr downgraded shares of United Parcel Service from a buy rating to a hold rating and set a $114.83 price objective for the company. in a research report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. United Parcel Service currently has a consensus rating of Hold and an average target price of $113.40.
Shares of United Parcel Service (NYSE:UPS) opened at 116.28 on Friday. United Parcel Service has a 52-week low of $87.30 and a 52-week high of $116.48. The firm has a market capitalization of $101.47 billion, a P/E ratio of 20.72 and a beta of 0.89. The stock’s 50 day moving average is $110.40 and its 200-day moving average is $108.14.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.44. The business had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 EPS. On average, equities analysts forecast that United Parcel Service will post $5.82 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 9th. United Parcel Service’s dividend payout ratio (DPR) is presently 55.52%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cutler Investment Counsel LLC boosted its position in United Parcel Service by 0.8% in the third quarter. Cutler Investment Counsel LLC now owns 63,344 shares of the company’s stock valued at $6,927,000 after buying an additional 523 shares during the period. Accident Compensation Corp raised its stake in United Parcel Service by 49.1% in the third quarter. Accident Compensation Corp now owns 17,000 shares of the company’s stock valued at $1,859,000 after buying an additional 5,600 shares in the last quarter. Bainco International Investors raised its stake in United Parcel Service by 1.4% in the third quarter. Bainco International Investors now owns 62,276 shares of the company’s stock valued at $6,811,000 after buying an additional 843 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in United Parcel Service during the third quarter valued at approximately $15,578,000. Finally, LPL Financial LLC raised its stake in United Parcel Service by 31.5% in the third quarter. LPL Financial LLC now owns 55,089 shares of the company’s stock valued at $5,978,000 after buying an additional 13,193 shares in the last quarter. Institutional investors and hedge funds own 52.50% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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