The price of United Parcel Service Inc. (NYSE:UPS) shares last traded on Wall Street fell -1.56% to $151.90.
Based on available information, 30 analysts follow United Parcel Service Inc. (NYSE:UPS). 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 $185.00. Given the previous closing price of $154.31, this indicates a potential upside of 19.89 percent. UPS stock price is now -11.81% away from the 50-day moving average and -14.81% away from the 200-day moving average. The market capitalization of the company currently stands at $129.79B.
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Among analysts, 12 rate the stock a hold while 12 rate it a buy. Brokers who have rated the stock have averaged $187.35 as their price target over the next twelve months.
With the price target reduced from $195 to $184, Oppenheimer maintained Outperform rating for United Parcel Service Inc. (NYSE: UPS).
In other news, Cesarone Nando, President, US Operations sold 22,825 shares of the company’s stock on Aug 16. The stock was sold for $3,919,052 at an average price of $171.70. Upon completion of the transaction, the President, US Operations now directly owns 1 shares in the company, valued at $151.9. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, CHF Crp Aff, Com & Sustain Off Lane Laura J sold 14,617 shares of the business’s stock. A total of $2,604,143 was realized by selling the stock at an average price of $178.16. Insiders disposed of 503,078 shares of company stock worth roughly $76.42 million over the past 1 year. A total of 15.38% 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 VIKING GLOBAL INVESTORS LP during the first quarter worth $135,068,000. MILLENNIUM MANAGEMENT LLC invested $73,402,000 in shares of UPS during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in United Parcel Service Inc. valued at approximately $38,153,000. NATIXIS acquired a new stake in UPS for approximately $33,743,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in UPS valued at around $26,531,000 in the second quarter. In total, there are 2,825 active investors with 60.23% ownership of the company’s stock.
During the past 12 months, United Parcel Service Inc. has had a low of $152.82 and a high of $197.80. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.32, and a quick ratio of 1.32. The fifty day moving average price for UPS is $171.63 and a two-hundred day moving average price translates $178.20 for the stock.
The latest earnings results from United Parcel Service Inc. (NYSE: UPS) was released for Jun, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at $2.54, beating analysts’ expectations of $2.5 by 0.04. This compares to $3.25 EPS in the same period last year. The net profit margin was 10.45% and return on equity was 55.16% for UPS. The company reported revenue of $22.05 billion for the quarter, compared to $24.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.95 percent. For the current quarter, analysts expect UPS to generate $21.83B in revenue.
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 $6.45 dividend and a 4.25% 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 46.07%.
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.
