Shares of United Parcel Service, Inc. (NYSE:UPS) have been given an average recommendation of “Hold” by the twenty-two research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $122.99.
Several equities research analysts have commented on the company. Stifel Nicolaus raised United Parcel Service from a “hold” rating to a “buy” rating and dropped their target price for the stock from $127.00 to $121.00 in a report on Tuesday, March 6th. Knight Equity downgraded United Parcel Service from a “buy” rating to a “hold” rating and lowered their price target for the company from $135.00 to $115.00 in a report on Thursday, February 22nd. Stephens reaffirmed a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a report on Monday, April 9th. Edward Jones raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, Deutsche Bank downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a report on Thursday, February 22nd.
United Parcel Service traded down $0.14, hitting $117.19, during mid-day trading on Thursday, MarketBeat reports. The company had a trading volume of 1,862,479 shares, compared to its average volume of 4,167,121. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84. United Parcel Service has a 12 month low of $101.45 and a 12 month high of $135.53. The company has a market capitalization of $100.69 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Monday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Friday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of UPS. Franklin Resources Inc. increased its position in United Parcel Service by 26.2% in the first quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock worth $781,240,000 after buying an additional 1,547,617 shares in the last quarter. Boston Partners purchased a new stake in United Parcel Service in the first quarter worth about $75,929,000. American Century Companies Inc. increased its position in United Parcel Service by 54.3% in the first quarter. American Century Companies Inc. now owns 1,962,565 shares of the transportation company’s stock worth $205,402,000 after buying an additional 690,451 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in United Parcel Service by 18.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after buying an additional 652,699 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in United Parcel Service in the fourth quarter worth about $76,351,000. Institutional investors own 53.49% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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