Shares of United Parcel Service, Inc. (NYSE:UPS) have earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $120.67.
Several analysts have commented on the company. Daiwa Capital Markets raised United Parcel Service from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Monday, August 26th. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a research note on Thursday, July 25th. Goldman Sachs Group assumed coverage on United Parcel Service in a research note on Wednesday, July 10th. They set a “buy” rating and a $123.00 price objective for the company. Finally, Raymond James upped their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th.
UPS traded up $1.09 on Wednesday, hitting $119.08. 246,033 shares of the company traded hands, compared to its average volume of 2,728,220. The company has a 50 day moving average of $117.72 and a 200-day moving average of $108.83. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a market capitalization of $103.65 billion, a PE ratio of 16.45, a PEG ratio of 1.84 and a beta of 1.23. United Parcel Service has a 12-month low of $89.89 and a 12-month high of $123.63.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, August 16th. United Parcel Service’s dividend payout ratio (DPR) is 53.04%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Advisors Ltd. LLC grew its holdings in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock worth $31,000 after acquiring an additional 117 shares during the period. First National Corp MA ADV acquired a new stake in shares of United Parcel Service in the 1st quarter worth approximately $38,000. Kavar Capital Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $38,000. NumerixS Investment Technologies Inc acquired a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $38,000. Finally, Earnest Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 55.27% of the company’s stock.
About United Parcel Service
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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