United Parcel Service (NYSE:UPS) Price Target Raised to $157.00

United Parcel Service (NYSE:UPS) had its target price raised by Oppenheimer from $153.00 to $157.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

UPS has been the subject of several other reports. BMO Capital Markets boosted their target price on United Parcel Service from $160.00 to $165.00 and gave the stock a market perform rating in a research report on Wednesday, March 27th. Morgan Stanley boosted their price objective on United Parcel Service from $95.00 to $100.00 and gave the company an underweight rating in a research report on Wednesday, March 27th. UBS Group upgraded United Parcel Service from a neutral rating to a buy rating and boosted their price objective for the company from $160.00 to $175.00 in a research report on Tuesday, February 6th. Barclays decreased their price objective on United Parcel Service from $150.00 to $145.00 and set an equal weight rating for the company in a research report on Wednesday, January 31st. Finally, TheStreet upgraded United Parcel Service from a c rating to a b- rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $165.23.

United Parcel Service Price Performance

United Parcel Service stock opened at $147.53 on Wednesday. The firm has a market capitalization of $125.79 billion, a P/E ratio of 21.38, a PEG ratio of 1.68 and a beta of 1.05. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $192.98. The business has a 50-day moving average of $149.56 and a 200-day moving average of $150.96. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. On average, equities analysts anticipate that United Parcel Service will post 8.21 EPS for the current year.

United Parcel Service Increases Dividend

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

Insider Transactions at United Parcel Service

In related news, Director Eva C. Boratto acquired 1,400 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MWA Asset Management bought a new stake in United Parcel Service in the 3rd quarter valued at $2,125,000. Chesapeake Wealth Management raised its stake in United Parcel Service by 1.3% in the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC raised its stake in United Parcel Service by 13.1% in the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the period. CapWealth Advisors LLC raised its stake in United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the period. Finally, Telos Capital Management Inc. raised its stake in United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the period. Institutional investors own 60.26% of the company’s stock.

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.