Traders sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading hours on Thursday. $66.88 million flowed into the stock on the tick-up and $103.91 million flowed out of the stock on the tick-down, for a money net flow of $37.03 million out of the stock. Of all equities tracked, United Parcel Service had the 0th highest net out-flow for the day. United Parcel Service traded up $0.38 for the day and closed at $105.08
A number of analysts recently issued reports on the company. Knight Equity downgraded United Parcel Service from a “buy” rating to a “hold” rating and lowered their target price for the company from $135.00 to $115.00 in a research report on Thursday. Deutsche Bank downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research report on Thursday. Edward Jones raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Morgan Stanley boosted their price target on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets boosted their price target on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $123.83.
The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69. The stock has a market cap of $91,010.00, a P/E ratio of 19.89, a PEG ratio of 1.57 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. equities analysts anticipate that United Parcel Service, Inc. will post 7.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.91 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, February 16th. United Parcel Service’s payout ratio is 68.55%.
Several hedge funds have recently modified their holdings of UPS. Wesbanco Bank Inc. lifted its stake in United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the last quarter. Sawyer & Company Inc bought a new stake in United Parcel Service during the fourth quarter worth $2,779,000. Crossmark Global Holdings Inc. bought a new stake in United Parcel Service during the third quarter worth $8,978,000. BP PLC lifted its stake in United Parcel Service by 47.3% during the third quarter. BP PLC now owns 81,000 shares of the transportation company’s stock worth $9,726,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its stake in United Parcel Service by 3.5% during the second quarter. Exencial Wealth Advisors LLC now owns 40,831 shares of the transportation company’s stock worth $4,516,000 after purchasing an additional 1,373 shares during the last quarter. Institutional investors and hedge funds own 53.33% of the company’s stock.
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About United Parcel Service
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.
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