BMO Capital Markets Boosts United Parcel Service (NYSE:UPS) Price Target to $169.00

United Parcel Service (NYSE:UPS) had its price objective upped by BMO Capital Markets from $165.00 to $169.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Several other analysts have also recently issued reports on the stock. Evercore ISI reaffirmed an in-line rating and set a $154.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 27th. UBS Group raised shares of United Parcel Service from a neutral rating to a buy rating and upped their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. JPMorgan Chase & Co. dropped 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 research note on Tuesday, April 9th. TD Cowen dropped their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a hold rating for the company in a research note on Thursday, March 28th. Finally, Raymond James dropped their price objective on shares of United Parcel Service from $185.00 to $175.00 and set a strong-buy rating for the company 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 given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $165.23.

United Parcel Service Stock Up 0.1 %

UPS stock opened at $147.53 on Wednesday. The stock has a market capitalization of $125.79 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.68 and a beta of 1.05. The firm has a 50-day simple moving average of $149.56 and a 200-day simple moving average of $150.96. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11. United Parcel Service has a 52 week low of $133.68 and a 52 week high of $192.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts forecast that United Parcel Service will post 8.21 earnings per share for the current fiscal 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 issued a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, February 16th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction that occurred on 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 purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Large investors have recently added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. 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.