Analysts Set United Parcel Service, Inc. (NYSE:UPS) Price Target at $138.09

Shares of United Parcel Service, Inc. (NYSE:UPS) have been given an average rating of “Moderate Buy” by the twenty-five research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $138.09.

A number of research firms have recently commented on UPS. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. UBS Group lowered their price objective on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Truist Financial initiated coverage on United Parcel Service in a report on Thursday, March 13th. They issued a “buy” rating and a $140.00 target price on the stock. Baird R W downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.

Institutional Trading of United Parcel Service

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of United Parcel Service by 4.3% in the third quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth $461,000. Synovus Financial Corp raised its position in shares of United Parcel Service by 8.6% in the third quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares in the last quarter. HF Advisory Group LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $1,305,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after buying an additional 28,108 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 1.5 %

Shares of UPS stock opened at $115.25 on Monday. United Parcel Service has a 1 year low of $109.40 and a 1 year high of $157.99. The stock has a market cap of $98.44 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The business’s fifty day moving average is $120.13 and its 200-day moving average is $127.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business earned $2.47 EPS. Equities analysts expect that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 annualized dividend and a dividend yield of 5.69%. United Parcel Service’s dividend payout ratio (DPR) is 97.04%.

United Parcel Service Company Profile

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.