United Parcel Service (NYSE:UPS) Given New $169.00 Price Target at BMO Capital Markets

United Parcel Service (NYSE:UPS) had its price target hoisted by BMO Capital Markets from $165.00 to $169.00 in a research note issued to investors on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

UPS has been the subject of several other research reports. Argus downgraded shares of United Parcel Service from a buy rating to a hold rating in a research report on Wednesday, January 31st. Barclays lowered their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an equal weight rating for the company in a research report on Wednesday, January 31st. Raymond James lowered their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a strong-buy rating for the company in a research report on Wednesday, January 31st. UBS Group raised shares of United Parcel Service from a neutral rating to a buy rating and increased their price objective for the stock from $160.00 to $175.00 in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a buy rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $166.09.

United Parcel Service Trading Down 1.5 %

UPS opened at $146.61 on Wednesday. The firm’s fifty day moving average is $149.57 and its two-hundred day moving average is $151.03. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $125.01 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the business posted $2.20 earnings per share. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.45%. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 94.49%.

Insider Buying and Selling at United Parcel Service

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Hedge funds have recently modified their holdings of the stock. MWA Asset Management acquired a new stake in shares of United Parcel Service during the 3rd quarter worth about $2,125,000. Chesapeake Wealth Management raised its stake in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares in the last quarter. Cerity Partners LLC raised its stake in United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock worth $60,908,000 after purchasing an additional 44,721 shares in the last quarter. CapWealth Advisors LLC raised its stake in United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock worth $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. raised its stake in United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

About United Parcel Service

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.