United Parcel Service (NYSE:UPS) Price Target Raised to $133.00

United Parcel Service (NYSE:UPS) had its price objective hoisted by Sanford C. Bernstein from $130.00 to $133.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on UPS. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. UBS Group cut their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup lifted their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Citizens Jmp assumed coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Trading Down 1.5%

Shares of UPS opened at $114.06 on Tuesday. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $122.41. The firm has a market capitalization of $96.95 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $107.96 and its 200 day simple moving average is $106.57.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. On average, equities research analysts forecast that United Parcel Service will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.8%. United Parcel Service’s payout ratio is 106.15%.

Institutional Trading of United Parcel Service

Several large investors have recently bought and sold shares of UPS. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares during the period. State Street Corp boosted its position in United Parcel Service by 3.3% in the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after buying an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock valued at $2,692,290,000 after buying an additional 856,125 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after acquiring an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of United Parcel Service by 72.9% during the fourth quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.