United Parcel Service, Inc. (NYSE:UPS) has been given an average rating of “Hold” by the twenty brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $114.38.

A number of brokerages have recently weighed in on UPS. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $128.00 in a research report on Tuesday. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th.

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United Parcel Service (NYSE UPS) traded up 0.47% during trading on Friday, hitting $111.44. The company had a trading volume of 2,077,867 shares. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.44. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 27.40 and a beta of 0.88. The company’s 50 day moving average price is $111.01 and its 200-day moving average price is $108.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.43 EPS. On average, analysts expect that United Parcel Service will post $6.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is 81.57%.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the last quarter. Lazard Asset Management LLC raised its stake in United Parcel Service by 3,875,867.0% in the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after buying an additional 4,340,971 shares during the last quarter. Federated Investors Inc. PA raised its stake in United Parcel Service by 2,005.9% in the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after buying an additional 1,446,749 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in United Parcel Service by 119.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,605,748 shares of the transportation company’s stock worth $288,170,000 after buying an additional 1,419,245 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the last quarter. 53.10% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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