United Parcel Service (NYSE:UPS) Given New $133.00 Price Target at Sanford C. Bernstein

United Parcel Service (NYSE:UPS) had its price target hoisted by Sanford C. Bernstein from $130.00 to $133.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. Citizens Jmp started coverage on United Parcel Service in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup raised their price objective on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group decreased their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Evercore lowered their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average target price of $111.50.

United Parcel Service Stock Up 2.8%

Shares of NYSE UPS opened at $116.32 on Tuesday. The company has a 50 day simple moving average of $107.30 and a 200-day simple moving average of $106.36. The company has a market capitalization of $98.87 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 earnings per share. On average, equities research analysts predict that United Parcel Service will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in United Parcel Service in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. Coston McIsaac & Partners boosted its stake in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Sanford C. Bernstein raised its price target on UPS to $133 from $130 and reiterated an outperform rating, signaling upside confidence ahead of earnings.
• Positive Sentiment: Analysts expect UPS to have a chance to beat upcoming quarterly earnings expectations, supported by the right mix of improving per-package revenue and cost cuts.
• Positive Sentiment: Investor focus is centered on updated guidance, and any stronger-than-expected outlook could further support the shares after recent weakness.
• Neutral Sentiment: Market commentary notes UPS has been moving alongside broader transportation-sector earnings expectations, with traders watching for confirmation in the Q2 report. United Parcel Service Inc. Cl B stock underperforms Monday when compared to competitors
• Negative Sentiment: Recent articles also point to lower shipping volumes and pricing pressure from fuel surcharges and competition, including Amazon’s expanding delivery network, which could weigh on margins. Fuel surcharges wallop FedEx, UPS shippers as Amazon looms

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.