United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Monday, November 18th will be paid a dividend of 0.96 per share by the transportation company on Wednesday, December 4th. This represents a $3.84 annualized dividend and a yield of 3.09%. The ex-dividend date is Friday, November 15th.
Shares of NYSE:UPS opened at $124.30 on Friday. The business’s 50-day moving average is $117.75 and its 200 day moving average is $110.24. United Parcel Service has a 1 year low of $89.89 and a 1 year high of $125.31. The firm has a market capitalization of $104.24 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.84 and a beta of 1.22. The company has a debt-to-equity ratio of 4.27, a current ratio of 1.11 and a quick ratio of 1.11.
United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $18.35 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that United Parcel Service will post 7.51 EPS for the current year.
A number of brokerages have recently weighed in on UPS. Berenberg Bank reissued a “buy” rating on shares of United Parcel Service in a report on Friday, July 26th. Barclays reissued a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Wednesday, October 23rd. UBS Group set a $136.00 price objective on United Parcel Service and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price objective on the stock. in a report on Monday, July 29th. Finally, Raymond James increased their price objective on United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $121.99.
In other news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $116.43, for a total value of $174,645.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.
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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