United Parcel Service (NYSE:UPS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

United Parcel Service (NYSE:UPS) had its price objective raised by JPMorgan Chase & Co. from $134.00 to $135.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

UPS has been the topic of a number of other reports. Barclays restated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Bank of America upped their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average target price of $151.10.

United Parcel Service Trading Up 1.4 %

Shares of UPS opened at $126.70 on Tuesday. United Parcel Service has a twelve month low of $122.01 and a twelve month high of $161.48. The stock has a market cap of $108.12 billion, a PE ratio of 19.14, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $129.75 and its 200-day moving average price is $131.33.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. On average, equities analysts forecast that United Parcel Service will post 7.48 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.15%. United Parcel Service’s payout ratio is currently 98.49%.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

A number of hedge funds have recently bought and sold shares of UPS. First Hawaiian Bank grew its holdings in shares of United Parcel Service by 117.6% in the fourth quarter. First Hawaiian Bank now owns 7,419 shares of the transportation company’s stock worth $936,000 after acquiring an additional 4,009 shares during the period. InvesTrust purchased a new stake in shares of United Parcel Service in the 4th quarter worth $4,856,000. Range Financial Group LLC bought a new position in United Parcel Service in the 4th quarter worth $560,000. Birch Capital Management LLC lifted its position in United Parcel Service by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 47,641 shares of the transportation company’s stock valued at $6,008,000 after purchasing an additional 850 shares in the last quarter. Finally, Bangor Savings Bank grew its holdings in United Parcel Service by 5.0% during the fourth quarter. Bangor Savings Bank now owns 5,627 shares of the transportation company’s stock valued at $710,000 after purchasing an additional 268 shares during the period. Hedge funds and other 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.