United Parcel Service, Inc. (NYSE:UPS) – Research analysts at Oppenheimer Holdings cut their Q3 2017 earnings estimates for shares of United Parcel Service in a note issued to investors on Wednesday. Oppenheimer Holdings analyst S. Schneeberger now expects that the transportation company will post earnings per share of $1.40 for the quarter, down from their prior estimate of $1.44. Oppenheimer Holdings currently has a “Buy” rating and a $123.00 price target on the stock.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share.

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UPS has been the topic of a number of other research reports. Credit Suisse Group restated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a report on Tuesday, August 15th. Robert W. Baird restated a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $115.27.

Shares of United Parcel Service (UPS) opened at 117.26 on Thursday. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44. The firm has a market cap of $101.54 billion, a PE ratio of 28.83 and a beta of 0.88. The stock has a 50 day moving average price of $114.04 and a 200 day moving average price of $109.26.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were issued a dividend of $0.83 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.82%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of United Parcel Service by 0.3% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after purchasing an additional 4 shares in the last quarter. Weatherly Asset Management L. P. boosted its position in shares of United Parcel Service by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after purchasing an additional 15 shares in the last quarter. Founders Capital Management boosted its position in shares of United Parcel Service by 0.3% in the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after purchasing an additional 15 shares in the last quarter. Bollard Group LLC boosted its position in shares of United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after purchasing an additional 17 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 52.86% of the company’s stock.

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.

Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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