Analysts Set United Parcel Service, Inc. (NYSE:UPS) Target Price at $111.87

United Parcel Service, Inc. (NYSE:UPS) has received an average rating of “Hold” from the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $111.8696.

A number of equities research analysts recently issued reports on UPS shares. Weiss Ratings downgraded United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna raised their target price on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Evercore reduced their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company raised their target price on United Parcel Service from $96.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, January 28th. Finally, HSBC raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, January 28th.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds have recently made changes to their positions in UPS. Norges Bank acquired a new position in United Parcel Service during the 4th quarter worth approximately $902,446,000. Victory Capital Management Inc. boosted 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 acquiring an additional 5,826,824 shares in the last quarter. AQR Capital Management LLC boosted 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 acquiring an additional 3,314,166 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after acquiring an additional 2,710,470 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $181,951,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 3.3%

Shares of NYSE:UPS opened at $95.68 on Friday. The company has a market capitalization of $81.33 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.57 and a beta of 1.06. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day simple moving average is $100.52 and its 200 day simple moving average is $102.70.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 earnings per share. On average, research analysts anticipate that United Parcel Service will post 7.1 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

United Parcel Service Company Profile

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.