JPMorgan Chase & Co. set a $181.00 price target on United Parcel Service (NYSE:UPS – Get Rating) in a research note released on Tuesday, Borsen Zeitung reports.

A number of other equities analysts also recently weighed in on UPS. KeyCorp decreased their target price on shares of United Parcel Service from $250.00 to $200.00 and set an overweight rating for the company in a research note on Thursday, October 13th. Argus decreased their target price on shares of United Parcel Service from $225.00 to $190.00 and set a buy rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group began coverage on shares of United Parcel Service in a research note on Monday, October 24th. They set a buy rating and a $190.00 target price for the company. BNP Paribas downgraded shares of United Parcel Service from a neutral rating to an underperform rating in a research note on Wednesday, November 30th. Finally, Daiwa Capital Markets cut their price target on shares of United Parcel Service to $187.00 in a report on Thursday, October 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $195.48.

United Parcel Service Price Performance

UPS stock opened at $191.66 on Tuesday. United Parcel Service has a 1 year low of $154.87 and a 1 year high of $230.35. The company has a market cap of $165.77 billion, a P/E ratio of 14.52, a PEG ratio of 2.02 and a beta of 1.12. The firm has a 50-day moving average of $179.81 and a 200 day moving average of $181.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.22 and a quick ratio of 1.39.

United Parcel Service declared that its board has authorized a stock buyback program on Tuesday, January 31st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a $1.62 dividend. The ex-dividend date of this dividend is Friday, February 17th. This is an increase from United Parcel Service's previous quarterly dividend of $1.52. This represents a $6.48 annualized dividend and a yield of 3.38%. United Parcel Service's dividend payout ratio (DPR) is presently 46.06%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the company. Coston McIsaac & Partners bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $26,000. Worth Asset Management LLC bought a new stake in shares of United Parcel Service during the 1st quarter valued at $27,000. Piershale Financial Group Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. MADDEN SECURITIES Corp bought a new stake in shares of United Parcel Service during the 4th quarter valued at $29,000. Finally, Winch Advisory Services LLC raised its position in shares of United Parcel Service by 334.1% during the 2nd quarter. Winch Advisory Services LLC now owns 178 shares of the transportation company's stock valued at $33,000 after purchasing an additional 137 shares during the period. 58.92% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

(Get Rating)

United Parcel Service, Inc operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S.

Further Reading

• Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
• Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
• Zimmer Biomet Beats on Earnings, Growth May be Priced In
• AI Software Maker EPAM Boasts Biggest Tech-Sector Rally
• Ford Stock Going Forward After Big Earnings Flop
• Insiders And Institutions Buy Wolverine Worldwide

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.