Today, United Parcel Service Inc. (UPS) gets “Hold” status at Vetr Inc.

Today, United Parcel Service Inc. (UPS) gets “Hold” status at Vetr Inc.

United Parcel Service Inc. (NYSE:UPS) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $114.83 price target on the stock. Vetr‘s target price points to a potential downside of 1.23% from the stock’s previous close.

A number of other research firms have also recently weighed in on UPS. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. William Blair reissued an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Morgan Stanley set a $91.00 price objective on United Parcel Service and gave the stock a “sell” rating in a research report on Monday, August 1st. Argus raised their price objective on 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, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $116.00 price objective (up previously from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $113.17.

United Parcel Service (NYSE:UPS) traded up 0.50% during mid-day trading on Tuesday, reaching $116.26. The company had a trading volume of 1,077,554 shares. The stock’s 50-day moving average price is $109.98 and its 200 day moving average price is $107.88. The firm has a market capitalization of $101.45 billion, a PE 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 data 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 earned $14.93 billion during the quarter, compared to analysts’ expectations of $14.72 billion. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. On average, equities research analysts predict that United Parcel Service will post $5.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. United Parcel Service’s dividend payout ratio (DPR) is presently 55.52%.

Institutional investors have recently modified their holdings of the stock. HBK Investments L P bought a new position in shares of United Parcel Service during the first quarter valued at about $818,000. Renaissance Technologies LLC bought a new position in shares of United Parcel Service during the first quarter valued at about $31,303,000. Nuveen Asset Management LLC boosted its position in shares of United Parcel Service by 31.9% in the first quarter. Nuveen Asset Management LLC now owns 88,312 shares of the company’s stock valued at $9,314,000 after buying an additional 21,335 shares during the period. AMP Capital Investors Ltd boosted its position in shares of United Parcel Service by 2.4% in the first quarter. AMP Capital Investors Ltd now owns 231,384 shares of the company’s stock valued at $24,463,000 after buying an additional 5,370 shares during the period. Finally, Princeton Portfolio Strategies Group LLC boosted its position in shares of United Parcel Service by 3.1% in the first quarter. Princeton Portfolio Strategies Group LLC now owns 13,376 shares of the company’s stock valued at $1,411,000 after buying an additional 400 shares during the period. 53.48% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.

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