Morgan Stanley Boosts United Parcel Service (NYSE:UPS) Price Target to $100.00

United Parcel Service (NYSE:UPSFree Report) had its price target lifted by Morgan Stanley from $95.00 to $100.00 in a research note released on Wednesday, Benzinga reports. Morgan Stanley currently has an underweight rating on the transportation company’s stock.

Other analysts also recently issued reports about the stock. Oppenheimer reissued an outperform rating and set a $153.00 price objective on shares of United Parcel Service in a research report on Wednesday. Barclays cut their price target on shares of 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. Susquehanna decreased their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a neutral rating for the company in a report on Wednesday, January 31st. Robert W. Baird upgraded United Parcel Service from a neutral rating to an outperform rating and increased their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, Argus cut United Parcel Service from a buy rating to a hold rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $166.81.

Check Out Our Latest Report on UPS

United Parcel Service Price Performance

Shares of UPS opened at $147.33 on Wednesday. The firm’s 50-day simple moving average is $150.79 and its two-hundred day simple moving average is $152.28. United Parcel Service has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The stock has a market cap of $125.62 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same quarter last year, the company earned $3.62 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts anticipate that United Parcel Service will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm 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. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 83.70%.

Insiders Place Their Bets

In related news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Several hedge funds have recently bought and sold shares of UPS. VisionPoint Advisory Group LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at about $25,000. OFI Invest Asset Management purchased a new position in United Parcel Service during the third quarter valued at approximately $25,000. IMA Wealth Inc. boosted its position in shares of United Parcel Service by 100.0% in the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services purchased a new stake in shares of United Parcel Service in the first quarter worth $25,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service during the 4th quarter valued at $26,000. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

(Get Free Report)

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.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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