Robert W. Baird reaffirmed their hold rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a research report report published on Friday morning. They currently have a $118.00 target price on the transportation company’s stock.

A number of other equities research analysts have also commented on UPS. BidaskClub upgraded shares of United Parcel Service from a strong sell rating to a sell rating in a report on Friday, August 11th. Citigroup Inc. upgraded shares of United Parcel Service from a neutral rating to a buy rating and upped their price target for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. TheStreet upgraded shares of United Parcel Service from a c rating to a b rating in a report on Thursday, July 27th. Credit Suisse Group reiterated a neutral rating and set a $108.00 price target on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, Seaport Global Securities began coverage on shares of United Parcel Service in a report on Tuesday, June 6th. They set a neutral rating for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $114.80.

Shares of United Parcel Service (NYSE:UPS) opened at 113.40 on Friday. The firm’s 50-day moving average is $112.04 and its 200-day moving average is $108.21. The firm has a market cap of $98.20 billion, a price-to-earnings ratio of 27.88 and a beta of 0.88. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.44.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the business posted $1.43 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts predict that United Parcel Service will post $6.01 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is presently 81.57%.

In other news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Insiders sold a total of 23,255 shares of company stock worth $2,628,619 over the last ninety days. Insiders own 0.59% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after buying an additional 15 shares in the last quarter. Founders Capital Management increased its stake in United Parcel Service by 0.3% in the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC increased its stake in United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in United Parcel Service by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares in the last quarter. 52.90% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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