United Parcel Service (NYSE:UPS) Given New $170.00 Price Target at UBS Group

United Parcel Service (NYSE:UPS) had its price target hoisted by UBS Group from $159.00 to $170.00 in a report released on Friday morning, Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

A number of other brokerages have also recently commented on UPS. Oppenheimer reduced their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Susquehanna boosted their price target on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup started coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price target for the company. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Finally, TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Stock Down 0.7 %

UPS opened at $137.43 on Friday. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82. The firm has a 50 day moving average price of $130.89 and a 200 day moving average price of $136.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $117.72 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. Sell-side analysts expect that United Parcel Service will post 7.44 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 106.36%.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Advocates Investment Management raised its stake in United Parcel Service by 112.8% during the third quarter. Financial Advocates Investment Management now owns 8,242 shares of the transportation company’s stock worth $1,124,000 after acquiring an additional 4,368 shares during the period. Cornerstone Wealth Group LLC raised its position in shares of United Parcel Service by 9.4% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 3,190 shares of the transportation company’s stock worth $435,000 after purchasing an additional 273 shares during the period. TNF LLC bought a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $214,000. SteelPeak Wealth LLC grew its stake in United Parcel Service by 881.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 31,769 shares of the transportation company’s stock worth $4,331,000 after buying an additional 28,533 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its position in United Parcel Service by 13.0% in the third quarter. Diversify Wealth Management LLC now owns 15,142 shares of the transportation company’s stock worth $1,990,000 after buying an additional 1,743 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

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.