UBS Group set a $196.00 price objective on United Parcel Service (NYSE:UPS – Get Rating) in a report released on Wednesday morning, Borsen Zeitung reports.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. set a $181.00 target price on shares of United Parcel Service in a report on Tuesday, January 31st. Susquehanna Bancshares boosted their target price on shares of United Parcel Service from $160.00 to $165.00 in a report on Wednesday, October 26th. Evercore ISI upped their price target on shares of United Parcel Service from $181.00 to $203.00 and gave the stock an in-line rating in a research note on Monday, December 19th. Daiwa Capital Markets dropped their price target on shares of United Parcel Service to $187.00 in a research note on Thursday, October 27th. Finally, Stifel Nicolaus dropped their price target on shares of United Parcel Service from $227.00 to $207.00 in a research note on Tuesday, October 25th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $195.48.
Get United Parcel Service alerts:United Parcel Service Stock Up 0.2 %
Shares of United Parcel Service stock opened at $191.66 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.39 and a debt-to-equity ratio of 0.87. The company's fifty day simple moving average is $179.99 and its two-hundred day simple moving average is $181.11. The company has a market cap of $165.77 billion, a P/E ratio of 14.52, a PEG ratio of 2.28 and a beta of 1.12. United Parcel Service has a 12-month low of $154.87 and a 12-month high of $230.35.
United Parcel Service (NYSE:UPS – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The transportation company reported $3.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.59 by $0.03. The business had revenue of $27 billion for the quarter, compared to the consensus estimate of $28.03 billion. United Parcel Service had a net margin of 11.51% and a return on equity of 66.10%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.59 EPS. Research analysts anticipate that United Parcel Service will post 11.59 EPS for the current year.United Parcel Service Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be issued a $1.62 dividend. This represents a $6.48 annualized dividend and a yield of 3.38%. This is a positive change from United Parcel Service's previous quarterly dividend of $1.52. The ex-dividend date of this dividend is Friday, February 17th. United Parcel Service's dividend payout ratio is currently 46.06%.
United Parcel Service announced that its board has initiated a stock buyback program on Tuesday, January 31st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the transportation company to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On United Parcel Service
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter worth approximately $208,000. Hodges Capital Management Inc. increased its holdings in United Parcel Service by 95.0% in the 4th quarter. Hodges Capital Management Inc. now owns 21,245 shares of the transportation company's stock worth $3,693,000 after acquiring an additional 10,351 shares in the last quarter. Retirement Planning Co of New England Inc. increased its holdings in United Parcel Service by 5.4% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 1,593 shares of the transportation company's stock worth $277,000 after acquiring an additional 81 shares in the last quarter. Mystic Asset Management Inc. increased its holdings in United Parcel Service by 3.3% in the 4th quarter. Mystic Asset Management Inc. now owns 2,632 shares of the transportation company's stock worth $458,000 after acquiring an additional 85 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its holdings in United Parcel Service by 5.1% in the 4th quarter. Convergence Investment Partners LLC now owns 10,256 shares of the transportation company's stock worth $1,783,000 after acquiring an additional 496 shares in the last quarter. 58.92% of the stock is owned by hedge funds and other institutional investors.
About United Parcel Service
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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
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