United Parcel Service (NYSE:UPS) PT Raised to $141.00

United Parcel Service (NYSE:UPS) had its target price raised by Evercore ISI from $138.00 to $141.00 in a research report sent to investors on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the transportation company’s stock.

A number of other research firms have also issued reports on UPS. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Barclays reissued an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Stifel Nicolaus decreased their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Citigroup began coverage on United Parcel Service in a research report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price target on the stock. Finally, TD Cowen began coverage on United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $137.47 on Tuesday. The company has a market capitalization of $117.75 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $130.73 and a 200-day moving average of $136.17. United Parcel Service has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, equities analysts anticipate that United Parcel Service will post 7.44 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s payout ratio is presently 106.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blackston Financial Advisory Group LLC lifted its position in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of United Parcel Service by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after acquiring an additional 73 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of United Parcel Service by 0.9% in the first quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares during the last quarter. MV Capital Management Inc. increased its position in United Parcel Service by 8.6% during the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after acquiring an additional 77 shares during the period. Finally, Gleason Group Inc. raised its stake in United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Company Profile

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.