Trade Report: The United Parcel Service Inc. (UPS) Now Covered by Analysts at Deutsche Bank AG

The United Parcel Service Inc. (UPS) Now Covered by Analysts at Deutsche Bank AG

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

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