United Parcel Service, Inc. (NYSE:UPS) Receives Average Recommendation of “Hold” from Analysts
by Mitch Edgeman · The Markets DailyShares of United Parcel Service, Inc. (NYSE:UPS – Get Free Report) have received an average recommendation of “Hold” from the twenty-eight ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $113.6667.
UPS has been the subject of several research reports. Truist Financial raised their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wolfe Research reiterated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Susquehanna raised their target price on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Finally, Bank of America raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a report on Friday, January 9th.
View Our Latest Analysis on UPS
Insider Activity
In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is owned by company insiders.
Institutional Trading of United Parcel Service
Institutional investors and hedge funds have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. purchased a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC purchased a new position in United Parcel Service during the 4th quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in United Parcel Service during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Trading Up 3.4%
Shares of United Parcel Service stock opened at $98.20 on Friday. The business has a fifty day simple moving average of $107.76 and a 200-day simple moving average of $99.01. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.49 and a beta of 1.08. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45.
United Parcel Service (NYSE:UPS – Get Free Report) last released its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the company earned $2.75 earnings per share. United Parcel Service’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.
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.