United Parcel Service (NYSE:UPS) PT Raised to $157.00

United Parcel Service (NYSE:UPS) had its price target increased by Oppenheimer from $153.00 to $157.00 in a research report report published on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

A number of other equities analysts have also commented on UPS. TD Cowen lowered their price objective on United Parcel Service from $147.00 to $140.00 and set a hold rating on the stock in a research note on Thursday, March 28th. Redburn Atlantic raised United Parcel Service from a neutral rating to a buy rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. BMO Capital Markets raised their target price on United Parcel Service from $160.00 to $165.00 and gave the company a market perform rating in a report on Wednesday, March 27th. Robert W. Baird raised United Parcel Service from a neutral rating to an outperform rating and raised their target price for the company from $165.00 to $170.00 in a report on Friday, February 16th. Finally, Barclays reduced their target price on United Parcel Service from $150.00 to $145.00 and set an equal weight rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $166.09.

United Parcel Service Price Performance

United Parcel Service stock opened at $146.61 on Wednesday. The stock’s fifty day moving average price is $149.57 and its two-hundred day moving average price is $151.03. United Parcel Service has a one year low of $133.68 and a one year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $125.01 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same quarter last year, the company earned $2.20 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts expect that United Parcel Service will post 8.2 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.45%. United Parcel Service’s payout ratio is presently 94.49%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UPS. GHP Investment Advisors Inc. raised its position in shares of United Parcel Service by 2.3% in the 3rd quarter. GHP Investment Advisors Inc. now owns 16,673 shares of the transportation company’s stock worth $2,586,000 after acquiring an additional 371 shares in the last quarter. Meridian Wealth Management LLC raised its position in shares of United Parcel Service by 2.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 6,058 shares of the transportation company’s stock worth $944,000 after acquiring an additional 153 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of United Parcel Service by 0.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 42,132 shares of the transportation company’s stock worth $6,567,000 after acquiring an additional 274 shares in the last quarter. Strategic Blueprint LLC increased its position in United Parcel Service by 23.4% in the 3rd quarter. Strategic Blueprint LLC now owns 7,789 shares of the transportation company’s stock valued at $1,214,000 after buying an additional 1,476 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in United Parcel Service by 7.3% in the 3rd quarter. ARK Investment Management LLC now owns 11,954 shares of the transportation company’s stock valued at $1,863,000 after buying an additional 817 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

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.