Brokerages Set United Parcel Service, Inc. (NYSE:UPS) PT at $110.09

United Parcel Service, Inc. (NYSE:UPS) has received a consensus rating of “Hold” from the thirty analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $110.0938.

UPS has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Citigroup increased their target price on United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. UBS Group lifted their price target on United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. increased their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th.

United Parcel Service Stock Performance

UPS opened at $100.22 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $85.02 billion, a PE ratio of 15.49, a P/E/G ratio of 2.40 and a beta of 1.11. The business has a fifty day simple moving average of $94.64 and a 200-day simple moving average of $92.80. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The business had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.United Parcel Service’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. As a group, equities analysts predict that United Parcel Service will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently modified their holdings of the stock. Andra AP fonden grew its holdings in United Parcel Service by 95.9% during the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock valued at $33,611,000 after purchasing an additional 163,000 shares during the last quarter. BLVD Private Wealth LLC acquired a new stake in shares of United Parcel Service in the second quarter worth $1,479,000. Avantax Advisory Services Inc. boosted its holdings in shares of United Parcel Service by 14.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock worth $9,525,000 after buying an additional 12,035 shares during the period. Equity Investment Corp grew its stake in United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after buying an additional 162,364 shares during the last quarter. Finally, Cowa LLC grew its stake in United Parcel Service by 329.2% in the 2nd quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after buying an additional 6,738 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.