United Parcel Service (NYSE:UPS) Coverage Initiated by Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of United Parcel Service (NYSE:UPSFree Report) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a market perform rating on the transportation company’s stock.

Several other analysts have also recently issued reports on UPS. Evercore lowered their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Citigroup upped their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stephens upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Susquehanna boosted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $111.10.

Read Our Latest Report on UPS

United Parcel Service Trading Down 0.7%

Shares of UPS opened at $112.89 on Wednesday. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $122.41. The stock has a market cap of $95.96 billion, a PE ratio of 18.27, a P/E/G ratio of 1.81 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $106.00 and its 200-day moving average price is $105.90.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.49 earnings per share. On average, equities analysts forecast that United Parcel Service will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s payout ratio is 106.15%.

Institutional Investors Weigh In On United Parcel Service

A number of large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $902,446,000. Victory Capital Management Inc. grew its holdings in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock valued at $515,801,000 after purchasing an additional 3,314,166 shares during the last quarter. Pacer Advisors Inc. raised its position in United Parcel Service by 507.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after purchasing an additional 2,710,470 shares during the period. Finally, Bank of America Corp DE raised its position in United Parcel Service by 23.3% in the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock worth $957,053,000 after purchasing an additional 1,836,651 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Company Profile

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United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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