United Parcel Service, Inc. (NYSE:UPS – Get Rating) declared a quarterly dividend on Wednesday, May 4th, Zacks reports. Shareholders of record on Monday, May 16th will be given a dividend of 1.52 per share by the transportation company on Thursday, June 2nd. This represents a $6.08 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, May 13th.
United Parcel Service has increased its dividend by an average of 3.9% per year over the last three years and has raised its dividend every year for the last 14 years. United Parcel Service has a dividend payout ratio of 45.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect United Parcel Service to earn $13.23 per share next year, which means the company should continue to be able to cover its $6.08 annual dividend with an expected future payout ratio of 46.0%.
United Parcel Service stock opened at $179.79 on Friday. The firm has a fifty day moving average price of $201.00 and a two-hundred day moving average price of $206.67. The firm has a market cap of $156.49 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.55 and a beta of 1.16. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.42. United Parcel Service has a fifty-two week low of $175.22 and a fifty-two week high of $233.72.
In other news, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total transaction of $839,296.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Juan R. Perez sold 12,996 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $223.54, for a total transaction of $2,905,125.84. The disclosure for this sale can be found here. Insiders have sold 23,881 shares of company stock worth $5,199,883 over the last three months. 0.12% of the stock is owned by insiders.
Several large investors have recently modified their holdings of UPS. First Community Trust NA acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. Carroll Investors Inc acquired a new stake in United Parcel Service in the 4th quarter worth about $57,000. Salem Investment Counselors Inc. raised its stake in United Parcel Service by 15.6% in the 4th quarter. Salem Investment Counselors Inc. now owns 667 shares of the transportation company’s stock worth $143,000 after purchasing an additional 90 shares in the last quarter. Psagot Value Holdings Ltd. Israel raised its stake in United Parcel Service by 17.2% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,020 shares of the transportation company’s stock worth $219,000 after purchasing an additional 150 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in United Parcel Service by 22.9% in the 4th quarter. Penserra Capital Management LLC now owns 3,447 shares of the transportation company’s stock worth $738,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 57.85% of the company’s stock.
A number of research analysts have recently commented on the stock. KeyCorp upped their price objective on shares of United Parcel Service from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, February 2nd. Cowen upped their price objective on shares of United Parcel Service from $203.00 to $232.00 and gave the company a “market perform” rating in a research report on Wednesday, February 2nd. Vertical Research increased their price target on shares of United Parcel Service from $195.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Wells Fargo & Company increased their price target on shares of United Parcel Service from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 2nd. Finally, Bank of America dropped their price target on shares of United Parcel Service from $204.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $226.00.
About United Parcel Service (Get Rating)
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.
- Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
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