United Parcel Service (NYSE:UPS) Price Target Raised to $112.00

United Parcel Service (NYSE:UPS) had its price objective raised by Stifel Nicolaus from $110.00 to $112.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research firms have also issued reports on UPS. BMO Capital Markets reiterated a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Stephens raised United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Finally, Truist Financial lifted their price target on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Up 1.2%

UPS opened at $102.16 on Tuesday. The firm has a market cap of $86.67 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50 day moving average price of $93.59 and a 200 day moving average price of $92.80. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $136.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter last year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts forecast that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.4%. United Parcel Service’s dividend payout ratio is currently 101.39%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $851,842,000. Laurel Wealth Advisors LLC grew its stake in United Parcel Service by 11,517.3% during the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after buying an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after buying an additional 1,799,882 shares in the last quarter. Invesco Ltd. raised its stake in shares of United Parcel Service by 45.4% in the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock valued at $578,467,000 after acquiring an additional 1,789,467 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock worth $156,453,000 after acquiring an additional 1,264,842 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.