United Parcel Service (NYSE:UPS) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of United Parcel Service (NYSE:UPSFree Report) in a research note issued to investors on Friday, MarketBeat.com reports. The firm issued an overweight rating and a $156.00 target price on the transportation company’s stock.

Several other research firms have also recently issued reports on UPS. Susquehanna increased their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a neutral rating in a report on Wednesday, April 24th. Evercore ISI reiterated an in-line rating and set a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the stock an underweight rating in a research note on Wednesday, March 27th. Bank of America lifted their target price on United Parcel Service from $157.00 to $160.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Finally, Redburn Atlantic raised shares of United Parcel Service from a neutral rating to a buy rating and set a $180.00 price target for the company in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $164.95.

Check Out Our Latest Stock Analysis on UPS

United Parcel Service Stock Performance

Shares of NYSE UPS opened at $137.64 on Friday. United Parcel Service has a 12-month low of $133.58 and a 12-month high of $192.98. The company has a market cap of $117.76 billion, a PE ratio of 19.95, a P/E/G ratio of 1.74 and a beta of 1.01. The stock has a 50 day simple moving average of $144.99 and a 200-day simple moving average of $150.36. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. On average, equities research analysts forecast that United Parcel Service will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.74%. United Parcel Service’s dividend payout ratio is 94.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of United Parcel Service by 17.3% in the 3rd quarter. Van ECK Associates Corp now owns 127,544 shares of the transportation company’s stock valued at $19,880,000 after purchasing an additional 18,856 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in United Parcel Service during the third quarter worth approximately $116,000. Campbell & CO Investment Adviser LLC bought a new stake in United Parcel Service during the third quarter worth approximately $1,127,000. Aptus Capital Advisors LLC raised its position in shares of United Parcel Service by 50.8% in the third quarter. Aptus Capital Advisors LLC now owns 8,433 shares of the transportation company’s stock valued at $1,314,000 after purchasing an additional 2,841 shares during the period. Finally, Herold Advisors Inc. lifted its stake in shares of United Parcel Service by 13.8% in the third quarter. Herold Advisors Inc. now owns 6,350 shares of the transportation company’s stock worth $990,000 after buying an additional 769 shares during the last quarter. Hedge funds and other 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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