United Parcel Service, Inc. (NYSE:UPS) has been given an average rating of “Hold” by the twenty-three brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $123.83.
Several research firms have weighed in on UPS. Robert W. Baird restated a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a report on Tuesday, January 9th. Morgan Stanley raised their target price on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Oppenheimer restated a “buy” rating and set a $123.00 target price on shares of United Parcel Service in a report on Monday, November 6th. Knight Equity lowered United Parcel Service from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $115.00 in a report on Thursday, February 22nd. Finally, Edward Jones upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th.
United Parcel Service (UPS) traded down $2.35 during midday trading on Tuesday, reaching $105.69. The company’s stock had a trading volume of 3,610,000 shares, compared to its average volume of 5,670,000. United Parcel Service has a one year low of $102.12 and a one year high of $135.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. The company has a market capitalization of $91,080.00, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.58 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 3.44%. United Parcel Service’s dividend payout ratio (DPR) is 68.55%.
In related news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in UPS. Focused Wealth Management Inc acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $106,000. Wagner Wealth Management LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $115,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Parcel Service during the third quarter valued at approximately $120,000. Resources Investment Advisors Inc. boosted its holdings in United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after purchasing an additional 418 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $195,000. 53.33% of the stock is currently owned by institutional investors and hedge funds.
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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.
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