Shares of United Parcel Service, Inc. (NYSE:UPS) have been assigned an average recommendation of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $120.60.
UPS has been the subject of several analyst reports. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $130.00 in a research report on Monday, April 1st. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. UBS Group decreased their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a report on Friday, May 31st. Credit Suisse Group restated a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Finally, Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a report on Thursday, May 30th.
UPS traded down $2.45 during trading on Monday, hitting $99.72. 3,697,534 shares of the stock traded hands, compared to its average volume of 3,232,243. The company has a market cap of $87.94 billion, a price-to-earnings ratio of 13.77, a P/E/G ratio of 1.58 and a beta of 1.19. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50-day moving average price of $99.12. United Parcel Service has a 12-month low of $89.89 and a 12-month high of $125.09.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were issued a $0.96 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 3.85%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Sepio Capital LLC increased its stake in shares of United Parcel Service by 36.0% in the 1st quarter. Sepio Capital LLC now owns 37,226 shares of the transportation company’s stock worth $4,160,000 after acquiring an additional 9,850 shares in the last quarter. Weaver Consulting Group bought a new position in shares of United Parcel Service in the 1st quarter worth about $220,000. FMR LLC increased its stake in shares of United Parcel Service by 19.5% in the 1st quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock worth $1,636,496,000 after acquiring an additional 2,391,075 shares in the last quarter. Horizon Investments LLC bought a new position in shares of United Parcel Service in the 1st quarter worth about $458,000. Finally, Merit Financial Group LLC increased its stake in shares of United Parcel Service by 6.0% in the 1st quarter. Merit Financial Group LLC now owns 6,678 shares of the transportation company’s stock worth $746,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 55.48% of the company’s stock.
United Parcel Service Company Profile
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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