United Parcel Service, Inc. (NYSE:UPS) Receives $197.97 Consensus PT from Analysts

United Parcel Service, Inc. (NYSE:UPSGet Rating) has received a consensus rating of “Moderate Buy” from the thirty-two brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $197.97.

UPS has been the topic of a number of analyst reports. Cowen cut their price target on United Parcel Service from $232.00 to $187.00 and set a “market perform” rating on the stock in a report on Wednesday, October 26th. Argus lowered their price objective on United Parcel Service from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $200.00 to $197.00 and set a “hold” rating for the company in a research report on Thursday, October 27th. JPMorgan Chase & Co. set a $180.00 price objective on United Parcel Service in a research report on Tuesday, October 25th. Finally, Credit Suisse Group set a $210.00 price objective on United Parcel Service in a research report on Thursday, November 17th.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently modified their holdings of UPS. Capital World Investors lifted its holdings in shares of United Parcel Service by 60.0% in the 1st quarter. Capital World Investors now owns 5,059,904 shares of the transportation company’s stock valued at $1,085,147,000 after buying an additional 1,898,084 shares during the period. BlackRock Inc. increased its stake in shares of United Parcel Service by 3.4% in the 1st quarter. BlackRock Inc. now owns 53,873,217 shares of the transportation company’s stock valued at $11,553,650,000 after purchasing an additional 1,781,756 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of United Parcel Service by 27.0% in the 2nd quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company’s stock valued at $1,170,529,000 after purchasing an additional 1,362,612 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of United Parcel Service by 174.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,765,075 shares of the transportation company’s stock valued at $378,538,000 after purchasing an additional 1,121,021 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of United Parcel Service by 15.7% in the 1st quarter. Capital International Investors now owns 8,010,703 shares of the transportation company’s stock valued at $1,717,975,000 after purchasing an additional 1,085,522 shares in the last quarter. Institutional investors and hedge funds own 59.60% of the company’s stock.

United Parcel Service Trading Up 0.1 %

Shares of NYSE:UPS opened at $182.84 on Friday. United Parcel Service has a 12-month low of $154.87 and a 12-month high of $233.72. The business’s fifty day simple moving average is $169.06 and its 200-day simple moving average is $180.80. The company has a market capitalization of $158.14 billion, a PE ratio of 14.33, a P/E/G ratio of 1.70 and a beta of 1.09. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.05.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The transportation company reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.15. United Parcel Service had a return on equity of 71.90% and a net margin of 11.07%. The business had revenue of $24.16 billion for the quarter, compared to the consensus estimate of $24.34 billion. During the same period last year, the business posted $2.71 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service will post 12.91 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a $1.52 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $6.08 annualized dividend and a dividend yield of 3.33%. United Parcel Service’s dividend payout ratio (DPR) is presently 47.65%.

About United Parcel Service

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United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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