United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.96 per share by the transportation company on Wednesday, December 4th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.11%.
Shares of NYSE UPS traded up $1.54 during midday trading on Thursday, reaching $123.49. The company had a trading volume of 3,156,082 shares, compared to its average volume of 3,233,411. United Parcel Service has a one year low of $89.89 and a one year high of $124.66. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The firm’s fifty day moving average price is $117.59 and its 200-day moving average price is $110.14. The stock has a market cap of $105.64 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.
United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a return on equity of 154.80% and a net margin of 6.81%. The company had revenue of $18.32 billion during the quarter, compared to analyst estimates of $18.35 billion. During the same quarter in the previous year, the company posted $1.82 EPS. United Parcel Service’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that United Parcel Service will post 7.51 EPS for the current year.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by corporate insiders.
A number of research firms have commented on UPS. GMP Securities raised United Parcel Service to a “reduce” rating in a research report on Monday, October 28th. Barclays reaffirmed a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research report on Wednesday, October 23rd. Berenberg Bank reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Friday, July 26th. Raymond James upped their price target on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Credit Suisse Group lowered their price target on United Parcel Service from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $121.99.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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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