United Parcel Service (NYSE:UPS – Free Report) had its target price trimmed by BMO Capital Markets from $165.00 to $160.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a market perform rating on the transportation company’s stock.
Several other research firms have also commented on UPS. StockNews.com began coverage on shares of United Parcel Service in a research note on Thursday, October 5th. They issued a hold rating for the company. TheStreet lowered United Parcel Service from a b- rating to a c rating in a research report on Thursday, October 26th. Barclays decreased their target price on United Parcel Service from $150.00 to $145.00 and set an equal weight rating for the company in a report on Wednesday. Susquehanna cut their price target on United Parcel Service from $155.00 to $150.00 and set a neutral rating on the stock in a report on Wednesday. Finally, Raymond James decreased their price objective on United Parcel Service from $185.00 to $175.00 and set a strong-buy rating for the company in a research note on Wednesday. Eighteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has an average rating of Hold and an average price target of $180.13.
United Parcel Service Stock Down 2.2 %
United Parcel Service (NYSE:UPS – Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion for the quarter, compared to the consensus estimate of $25.40 billion. During the same quarter in the previous year, the business earned $3.62 EPS. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. Research analysts expect that United Parcel Service will post 9.4 earnings per share for the current year.
United Parcel Service Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.59%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.18%.
Institutional Investors Weigh In On United Parcel Service
A number of institutional investors and hedge funds have recently made changes to their positions in the business. abrdn plc grew its holdings in shares of United Parcel Service by 37.1% during the fourth quarter. abrdn plc now owns 476,642 shares of the transportation company’s stock worth $74,942,000 after buying an additional 128,952 shares during the last quarter. Vantage Investment Partners LLC grew its stake in shares of United Parcel Service by 6.2% in the 4th quarter. Vantage Investment Partners LLC now owns 78,599 shares of the transportation company’s stock valued at $12,358,000 after purchasing an additional 4,569 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of United Parcel Service by 4.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 72,587 shares of the transportation company’s stock valued at $11,413,000 after purchasing an additional 2,935 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $87,000. Finally, Greenleaf Trust lifted its holdings in shares of United Parcel Service by 7.0% during the fourth quarter. Greenleaf Trust now owns 11,493 shares of the transportation company’s stock worth $1,807,000 after purchasing an additional 752 shares during the period. 58.45% of the stock is owned by hedge funds and other 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 letters, documents, small packages, and palletized freight through air and ground services in the United States.
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