United Parcel Service, Inc. (NYSE:UPS) Receives $119.13 Consensus PT from Analysts

Shares of United Parcel Service, Inc. (NYSE:UPS) have earned an average recommendation of “Hold” from the twenty-eight analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $119.13.

A number of equities research analysts recently weighed in on UPS shares. Barclays dropped their price target on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Wolfe Research lowered their target price on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. BMO Capital Markets cut their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Truist Financial lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, BNP Paribas upgraded United Parcel Service to a “hold” rating in a research note on Thursday, July 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UPS. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $1,075,393,000. Goldman Sachs Group Inc. lifted its position in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares in the last quarter. Nuveen LLC bought a new stake in United Parcel Service during the first quarter worth $201,358,000. Finally, Charles Schwab Investment Management Inc. raised its position in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $101.10 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $145.01. The stock has a market cap of $85.61 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. The company’s 50-day moving average price is $99.85 and its two-hundred day moving average price is $107.91.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.49%. United Parcel Service’s payout ratio is currently 95.63%.

United Parcel Service Company Profile

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.