United Parcel Service (NYSE:UPS) PT Raised to $160.00 at Bank of America

United Parcel Service (NYSE:UPS) had its price objective lifted by Bank of America from $157.00 to $160.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an underweight rating in a report on Wednesday, March 27th. Daiwa Capital Markets lowered shares of United Parcel Service from an outperform rating to a neutral rating and set a $155.00 price objective for the company. in a report on Tuesday, December 26th. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a neutral rating for the company in a report on Tuesday, April 9th. Stifel Nicolaus decreased their target price on shares of United Parcel Service from $178.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, March 28th. Finally, Argus downgraded shares of United Parcel Service from a buy rating to a hold rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $165.23.

United Parcel Service Trading Up 0.1 %

Shares of UPS opened at $147.59 on Wednesday. The firm has a market cap of $125.84 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.69 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The firm has a 50 day moving average price of $149.56 and a 200-day moving average price of $150.93.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 EPS. As a group, equities research analysts forecast that United Parcel Service will post 8.22 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were given a dividend of $1.63 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, February 16th. United Parcel Service’s payout ratio is presently 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of United Parcel Service stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its stake in United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock worth $2,756,000 after purchasing an additional 64 shares in the last quarter. First Financial Corp IN increased its position in shares of United Parcel Service by 24.2% during the 4th quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 65 shares during the last quarter. Gleason Group Inc. increased its position in shares of United Parcel Service by 1.1% during the 4th quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after purchasing an additional 66 shares during the last quarter. Cullen Investment Group LTD. increased its position in shares of United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after purchasing an additional 68 shares during the last quarter. Finally, Advisors Capital Management LLC increased its position in shares of United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock valued at $2,351,000 after purchasing an additional 69 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

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.