United Parcel Service (NYSE:UPS) Price Target Raised to $141.00

United Parcel Service (NYSE:UPS) had its target price hoisted by Evercore ISI from $138.00 to $141.00 in a research note published on Tuesday, Benzinga reports. They currently have an in-line rating on the transportation company’s stock.

A number of other analysts have also recently commented on the stock. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America dropped their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Oppenheimer dropped their target price on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $151.05.

United Parcel Service Stock Up 5.3 %

UPS opened at $138.35 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $130.54 and a 200-day moving average price of $136.15. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82. The stock has a market capitalization of $118.51 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the firm earned $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast that United Parcel Service will post 7.44 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.71%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 106.36%.

Institutional Investors Weigh In On United Parcel Service

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Clearbridge Investments LLC increased its stake in United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after buying an additional 406,248 shares during the period. Bank of New York Mellon Corp increased its stake in United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after buying an additional 20,426 shares during the period. American Century Companies Inc. increased its stake in United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after buying an additional 393,434 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after buying an additional 101,349 shares during the period. Hedge funds and other 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.