The stock of United Parcel Service Inc. (NYSE:UPS) last traded at $180.94, down -0.31% from the previous session.
Data from the available sources indicates that United Parcel Service Inc. (NYSE:UPS) is covered by 24 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $230.00 and a low of $100.00, we find $195.00. Given the previous closing price of $181.50, this indicates a potential upside of 7.44 percent. UPS stock price is now 1.72% away from the 50-day moving average and 0.80% away from the 200-day moving average. The market capitalization of the company currently stands at $155.89B.
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In total, 13 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $192.90 as their price target over the next twelve months.
With the price target of $162, Atlantic Equities recently initiated with Neutral rating for United Parcel Service Inc. (NYSE: UPS).
In other news, Lane Laura J, CHF Crp Aff, Com & Sustain Off sold 14,617 shares of the company’s stock on Feb 21. The stock was sold for $2,604,143 at an average price of $178.16. Upon completion of the transaction, the CHF Crp Aff, Com & Sustain Off now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Chief Legal & Compliance Off Brothers Norman M. Jr sold 20,724 shares of the business’s stock. A total of $3,777,235 was realized by selling the stock at an average price of $182.26. Insiders disposed of 475,969 shares of company stock worth roughly $86.12 million over the past 1 year. A total of 0.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UPS stock. A new stake in United Parcel Service Inc. shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $102,079,000. EMPOWER ADVISORY GROUP, LLC invested $93,122,000 in shares of UPS during the first quarter. In the first quarter, VULCAN VALUE PARTNERS, LLC acquired a new stake in United Parcel Service Inc. valued at approximately $69,409,000. BRIDGEWATER ASSOCIATES, LP acquired a new stake in UPS for approximately $21,238,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC purchased a new stake in UPS valued at around $16,653,000 in the second quarter. In total, there are 2,825 active investors with 72.50% ownership of the company’s stock.
With an opening price of $182.13 on Friday morning, United Parcel Service Inc. (NYSE: UPS) set off the trading day. During the past 12 months, United Parcel Service Inc. has had a low of $154.87 and a high of $209.39. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for UPS is $178.10 and a two-hundred day moving average price translates $179.59 for the stock.
The latest earnings results from United Parcel Service Inc. (NYSE: UPS) was released for Mar, 2023. The net profit margin was 10.90% and return on equity was 59.00% for UPS. The company reported revenue of $22.93 billion for the quarter, compared to $24.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.96 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/14/2023 were paid a $1.62 dividend. On an annualized basis, this represents a $6.48 dividend and a 3.58% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, UPS is presently at 49.70%.
United Parcel Service Inc.(UPS) 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 letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also provides international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industries; financial and information services; and fulfillment and transportation management services. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
