United Parcel Service Inc. (NYSE:UPS)‘s stock had its “outperform” rating reiterated by equities research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday. They presently have a $116.00 price target on the stock. Sanford C. Bernstein’s price target indicates a potential downside of 0.22% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. Morgan Stanley set a $91.00 target price on shares of United Parcel Service and gave the stock a “sell” rating in a research report on Monday, August 1st. William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Argus lifted their target price on shares of United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $114.83 target price 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 issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $113.40.
Shares of United Parcel Service (NYSE:UPS) traded up 0.50% during midday trading on Friday, hitting $116.26. 1,077,554 shares of the stock traded hands. The firm has a 50-day moving average price of $110.21 and a 200-day moving average price of $107.97. The stock has a market capitalization 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.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.44. United Parcel Service had a net margin of 8.33% and a return on equity of 195.68%. The company had revenue of $14.93 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same period last year, the company posted $1.39 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service will post $5.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be given a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.68%. United Parcel Service’s dividend payout ratio (DPR) is currently 55.52%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Americafirst Capital Management LLC bought a new stake in United Parcel Service during the second quarter valued at $102,000. Security National Trust Co. raised its stake in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock valued at $115,000 after buying an additional 275 shares in the last quarter. Lombard Odier & Cie Canada Limited Partnership bought a new stake in United Parcel Service during the third quarter valued at $120,000. Hirtle Callaghan & Co LLC bought a new stake in United Parcel Service during the third quarter valued at $123,000. Finally, Financial Architects Inc raised its stake in United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock valued at $124,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 53.48% of the company’s stock.
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