United Parcel Service, Inc. (NYSE:UPS) Receives $151.10 Average Price Target from Brokerages

United Parcel Service, Inc. (NYSE:UPS) has earned an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $151.10.

Several research firms have recently commented on UPS. Bank of America raised their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Citigroup cut their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. StockNews.com raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer upped their price target on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th.

United Parcel Service Stock Performance

United Parcel Service stock opened at $123.79 on Wednesday. United Parcel Service has a 1-year low of $122.01 and a 1-year high of $161.48. The firm has a market cap of $105.64 billion, a P/E ratio of 18.70, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $130.45 and a 200-day moving average of $131.57.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. Sell-side analysts expect that United Parcel Service will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Tortoise Investment Management LLC increased its holdings in United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares during the last quarter. PSI Advisors LLC raised its position in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Princeton Global Asset Management LLC boosted its stake in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after acquiring an additional 216 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at $36,000. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.