Analysts Set United Parcel Service, Inc. (NYSE:UPS) PT at $223.56

Shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) have been given an average recommendation of “Hold” by the thirty brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $223.56.

A number of equities research analysts have recently issued reports on the company. KeyCorp boosted their price objective on United Parcel Service from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, February 2nd. Vertical Research upped their price target on shares of United Parcel Service from $195.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, February 2nd. Morgan Stanley lifted their price objective on shares of United Parcel Service from $135.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 2nd. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. lowered shares of United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 price target on the stock. in a research report on Friday, May 13th.

Shares of United Parcel Service stock opened at $178.38 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day simple moving average of $191.09 and a two-hundred day simple moving average of $203.45. United Parcel Service has a 1 year low of $165.34 and a 1 year high of $233.72. The company has a market capitalization of $155.86 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.46 and a beta of 1.16.

United Parcel Service (NYSE:UPSGet Rating) last posted its earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.17. United Parcel Service had a net margin of 10.90% and a return on equity of 82.94%. The company had revenue of $24.40 billion during the quarter, compared to analysts’ expectations of $23.80 billion. During the same quarter last year, the company posted $2.77 EPS. United Parcel Service’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that United Parcel Service will post 12.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be given a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, May 13th. United Parcel Service’s payout ratio is 49.63%.

In related news, insider Philippe R. Gilbert sold 3,897 shares of United Parcel Service stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total transaction of $839,296.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of UPS. Morgan Stanley lifted its position in shares of United Parcel Service by 1.3% during the second quarter. Morgan Stanley now owns 2,720,825 shares of the transportation company’s stock worth $565,850,000 after acquiring an additional 34,323 shares in the last quarter. Vident Investment Advisory LLC increased its position in shares of United Parcel Service by 5.1% in the third quarter. Vident Investment Advisory LLC now owns 6,654 shares of the transportation company’s stock worth $1,212,000 after purchasing an additional 321 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of United Parcel Service by 5.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,385 shares of the transportation company’s stock valued at $252,000 after buying an additional 68 shares in the last quarter. Assetmark Inc. raised its position in United Parcel Service by 16.7% during the third quarter. Assetmark Inc. now owns 3,723 shares of the transportation company’s stock valued at $678,000 after purchasing an additional 533 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in United Parcel Service by 3.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 235,108 shares of the transportation company’s stock worth $42,811,000 after buying an additional 8,584 shares during the last quarter. 57.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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