United Parcel Service (NYSE:UPS) Price Target Raised to $150.00

United Parcel Service (NYSE:UPS) had its price objective hoisted by Bank of America from $132.00 to $150.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other research analysts have also recently weighed in on UPS. Citigroup started coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. BMO Capital Markets lowered their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Oppenheimer reduced their price target on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. TD Cowen initiated coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Price Performance

UPS opened at $137.43 on Friday. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a 50-day moving average price of $130.89 and a 200-day moving average price of $135.90. The firm has a market cap of $117.72 billion, a PE ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Sell-side analysts predict that United Parcel Service will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is 106.36%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently bought and sold shares of the business. 180 Wealth Advisors LLC boosted its stake in United Parcel Service by 8.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the period. Financial Management Professionals Inc. increased its holdings in United Parcel Service by 12.6% in the 1st quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 249 shares during the last quarter. Vicus Capital purchased a new stake in United Parcel Service in the 1st quarter worth $461,000. CRA Financial Services LLC boosted its holdings in shares of United Parcel Service by 3.1% during the 1st quarter. CRA Financial Services LLC now owns 8,180 shares of the transportation company’s stock valued at $1,216,000 after purchasing an additional 248 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of United Parcel Service by 1.6% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,965 shares of the transportation company’s stock valued at $4,900,000 after purchasing an additional 524 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.