United Parcel Service, Inc. (NYSE:UPS) – Equities researchers at Oppenheimer Holdings raised their Q4 2017 earnings per share estimates for United Parcel Service in a report issued on Wednesday. Oppenheimer Holdings analyst S. Schneeberger now anticipates that the transportation company will post earnings of $1.66 per share for the quarter, up from their prior estimate of $1.62. Oppenheimer Holdings currently has a “Buy” rating and a $123.00 target price on the stock.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.43 earnings per share.

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A number of other equities analysts have also commented on UPS. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $115.27.

Shares of United Parcel Service (NYSE UPS) opened at 117.26 on Friday. The firm has a market cap of $101.54 billion, a price-to-earnings ratio of 28.83 and a beta of 0.88. The firm has a 50-day moving average of $114.04 and a 200-day moving average of $109.26. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $120.44.

A number of hedge funds have recently made changes to their positions in the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of United Parcel Service by 0.3% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after acquiring an additional 4 shares during the last quarter. Weatherly Asset Management L. P. increased its position in shares of United Parcel Service by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after purchasing an additional 15 shares during the last quarter. Founders Capital Management increased its position in shares of United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after purchasing an additional 15 shares during the last quarter. Bollard Group LLC increased its position in shares of United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after purchasing an additional 17 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in shares of United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 52.86% of the company’s stock.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a dividend of $0.83 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.82%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Earnings History and Estimates for United Parcel Service (NYSE:UPS)

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