Analysts Set United Parcel Service, Inc. (NYSE:UPS) Target Price at $138.09

Shares of United Parcel Service, Inc. (NYSE:UPS) have been given an average rating of “Moderate Buy” by the twenty-five ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $138.09.

Several equities research analysts have recently weighed in on UPS shares. Truist Financial started coverage on United Parcel Service in a research report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price for the company. JPMorgan Chase & Co. decreased their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Evercore ISI upped their target price on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 22nd. Finally, Bank of America decreased their target price on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st.

Institutional Trading of United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock worth $8,213,699,000 after purchasing an additional 370,705 shares during the period. State Street Corp raised its position in shares of United Parcel Service by 2.1% during the 3rd quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock worth $1,979,695,000 after purchasing an additional 414,710 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $117.42 on Monday. The firm has a market capitalization of $100.30 billion, a PE ratio of 17.37, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The business has a 50-day moving average of $120.49 and a two-hundred day moving average of $127.18. United Parcel Service has a 12 month low of $109.40 and a 12 month high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter last year, the firm earned $2.47 earnings per share. As a group, research analysts forecast that United Parcel Service will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.59%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. United Parcel Service’s dividend payout ratio is presently 97.04%.

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.