Deutsche Bank restated their hold rating on shares of United Parcel Service (NYSE:UPS) in a report issued on Thursday, TipRanks reports.

UPS has been the topic of several other reports. Zacks Investment Research downgraded United Parcel Service from a hold rating to a sell rating in a report on Tuesday, April 30th. Berenberg Bank restated a hold rating and set a $125.00 price objective on shares of United Parcel Service in a report on Monday, March 25th. Raymond James dropped their price objective on United Parcel Service from $135.00 to $130.00 and set a strong-buy rating on the stock in a report on Friday, April 26th. Cowen restated a market perform rating and set a $116.00 price objective (down from $118.00) on shares of United Parcel Service in a report on Friday, April 26th. Finally, UBS Group dropped their price objective on United Parcel Service from $118.00 to $110.00 and set a buy rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $119.05.

United Parcel Service stock traded down $2.83 during midday trading on Thursday, hitting $92.92. 4,192,401 shares of the company were exchanged, compared to its average volume of 2,860,554. The firm has a market capitalization of $82.42 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.48 and a beta of 1.16. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. United Parcel Service has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.03). The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. On average, analysts forecast that United Parcel Service will post 7.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.96 per share. The ex-dividend date is Friday, May 17th. This represents a $3.84 annualized dividend and a yield of 4.13%. United Parcel Service’s dividend payout ratio is presently 53.04%.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc raised its position in United Parcel Service by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 52,189,390 shares of the transportation company’s stock worth $6,093,112,000 after purchasing an additional 704,504 shares during the period. First Bank & Trust raised its position in United Parcel Service by 79.0% in the 4th quarter. First Bank & Trust now owns 11,987 shares of the transportation company’s stock worth $1,169,000 after purchasing an additional 5,292 shares during the period. Argyle Capital Management Inc. raised its position in United Parcel Service by 3.4% in the 4th quarter. Argyle Capital Management Inc. now owns 37,850 shares of the transportation company’s stock worth $3,692,000 after purchasing an additional 1,250 shares during the period. Independence Bank of Kentucky raised its position in United Parcel Service by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 15,838 shares of the transportation company’s stock worth $1,545,000 after purchasing an additional 260 shares during the period. Finally, Ackerman Capital Advisors LLC increased its position in shares of United Parcel Service by 4,776.5% in the fourth quarter. Ackerman Capital Advisors LLC now owns 195,060 shares of the transportation company’s stock valued at $2,000,000 after acquiring an additional 191,060 shares during the period. Institutional investors and hedge funds own 55.58% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Further Reading: Overbought

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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