United Parcel Service Inc. (NYSE:UPS)‘s stock had its “outperform” rating reissued by Sanford C. Bernstein in a note issued to investors on Friday. They currently have a $116.00 price objective on the stock. Sanford C. Bernstein’s price target would suggest a potential downside of 0.22% from the company’s current price.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. BMO Capital Markets initiated coverage on shares of United Parcel Service in a research report on Thursday, November 17th. They set an “outperform” rating and a $125.00 price objective on the stock. They noted that the move was a valuation call. Barclays PLC increased their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. Deutsche Bank AG initiated coverage on shares of United Parcel Service in a research report on Wednesday, November 2nd. They set a “hold” rating and a $117.00 price objective on the stock. Finally, Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 price objective on the stock. in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $113.40.
United Parcel Service (NYSE:UPS) traded up 0.50% during trading on Friday, hitting $116.26. 1,077,554 shares of the stock traded hands. The company has a market cap of $101.45 billion, a P/E ratio of 20.72 and a beta of 0.89. United Parcel Service has a 52-week low of $87.30 and a 52-week high of $116.39. The firm has a 50-day moving average price of $110.21 and a 200 day moving average price of $107.97.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.44. The firm had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $14.72 billion. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.39 EPS. On average, equities analysts expect that United Parcel Service will post $5.82 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, November 9th. United Parcel Service’s dividend payout ratio (DPR) is presently 55.52%.
Several institutional investors have recently modified their holdings of UPS. Accident Compensation Corp boosted its stake in United Parcel Service by 49.1% in the third quarter. Accident Compensation Corp now owns 17,000 shares of the company’s stock worth $1,859,000 after buying an additional 5,600 shares during the last quarter. Bainco International Investors boosted its stake in United Parcel Service by 1.4% in the third quarter. Bainco International Investors now owns 62,276 shares of the company’s stock worth $6,811,000 after buying an additional 843 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in United Parcel Service during the third quarter worth approximately $15,578,000. LPL Financial LLC boosted its stake in United Parcel Service by 31.5% in the third quarter. LPL Financial LLC now owns 55,089 shares of the company’s stock worth $5,978,000 after buying an additional 13,193 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in United Parcel Service by 10.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 166,701 shares of the company’s stock worth $18,229,000 after buying an additional 16,383 shares during the last quarter. Hedge funds and other institutional investors own 53.48% of the company’s stock.
United Parcel Service Company Profile