Analysts at Deutsche Bank AG started coverage on shares of United Parcel Service Inc. (NYSE:UPS) in a report issued on Wednesday. The brokerage set a “hold” rating and a $117.00 price target on the stock. Deutsche Bank AG’s price objective indicates a potential upside of 0.64% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, October 31st. William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research report on Tuesday, September 13th. Barclays PLC increased their price target on 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. Argus increased their price target on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $116.00 price target (up previously from $112.00) on shares of United Parcel Service in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $113.40.
United Parcel Service (NYSE:UPS) traded up 0.50% during mid-day trading on Wednesday, reaching $116.26. 1,077,554 shares of the company were exchanged. The stock’s 50-day moving average is $110.21 and its 200-day moving average is $107.97. United Parcel Service has a 12 month low of $87.30 and a 12 month high of $116.39.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.44. The firm had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. United Parcel Service’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. 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 paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Wednesday, November 9th. United Parcel Service’s dividend payout ratio (DPR) is presently 55.52%.
Several large investors have recently bought and sold shares of UPS. HBK Investments L P purchased a new stake in United Parcel Service during the first quarter worth $818,000. Citizens Financial Group Inc RI increased its position in shares of United Parcel Service by 10.0% in the first quarter. Citizens Financial Group Inc RI now owns 3,307 shares of the company’s stock worth $349,000 after buying an additional 302 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of United Parcel Service during the first quarter worth $31,303,000. Nuveen Asset Management LLC increased 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 worth $9,314,000 after buying an additional 21,335 shares during the last quarter. Finally, AMP Capital Investors Ltd increased 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 worth $24,463,000 after buying an additional 5,370 shares during the last quarter. 53.48% of the stock is owned by institutional investors.
United Parcel Service Company Profile