United Parcel Service, Inc. (UPS) Receives Average Rating of “Hold” from Analysts

Shares of United Parcel Service, Inc. (NYSE:UPS) have been given an average rating of “Hold” by the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $125.43.

Several analysts recently issued reports on UPS shares. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Standpoint Research started coverage on United Parcel Service in a report on Wednesday, December 26th. They set a “buy” rating and a $89.89 target price on the stock. Morgan Stanley dropped their target price on United Parcel Service from $92.00 to $87.00 and set a “sell” rating on the stock in a report on Tuesday, December 4th. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $130.00 in a report on Monday. Finally, Bank of America reiterated a “neutral” rating and set a $112.00 target price (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st.

In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its position in shares of United Parcel Service by 9,644.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 7,289,396 shares during the last quarter. Norges Bank acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $491,939,000. Capital International Investors acquired a new position in shares of United Parcel Service in the third quarter valued at approximately $525,375,000. Boston Partners grew its position in shares of United Parcel Service by 3,240.0% in the fourth quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock valued at $184,460,000 after purchasing an additional 1,834,692 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of United Parcel Service by 3.6% in the fourth quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock valued at $4,290,253,000 after purchasing an additional 1,534,331 shares during the last quarter. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:UPS traded up $0.67 on Wednesday, reaching $114.35. The company’s stock had a trading volume of 2,556,513 shares, compared to its average volume of 3,319,294. United Parcel Service has a 1-year low of $89.89 and a 1-year high of $125.09. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 6.56. The stock has a market cap of $98.44 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.69 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 31st. The transportation company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.03. The company had revenue of $19.85 billion for the quarter, compared to analyst estimates of $19.92 billion. United Parcel Service had a return on equity of 254.74% and a net margin of 6.67%. During the same period in the previous year, the company posted $1.67 earnings per share. Sell-side analysts forecast that United Parcel Service will post 7.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Monday, February 25th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.91. United Parcel Service’s payout ratio is 53.04%.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of 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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