United Parcel Service, Inc. (UPS) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group restated their neutral rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a report released on Tuesday morning. Credit Suisse Group currently has a $108.00 target price on the transportation company’s stock.

A number of other brokerages have also recently issued reports on UPS. Zacks Investment Research cut United Parcel Service from a hold rating to a sell rating in a research report on Monday, July 17th. BidaskClub cut United Parcel Service from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Citigroup Inc. raised United Parcel Service from a neutral rating to a buy rating and upped their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Cowen and Company reissued a hold rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein reaffirmed an outperform rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $114.57.

United Parcel Service (UPS) opened at 113.34 on Tuesday. The stock has a 50 day moving average price of $111.59 and a 200 day moving average price of $107.96. The stock has a market capitalization of $98.15 billion, a PE ratio of 27.87 and a beta of 0.88. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 EPS. Equities analysts forecast that United Parcel Service will post $6.01 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

Several institutional investors have recently modified their holdings of UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 2.7% in the second quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares during the period. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the period. Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the period. Finally, FMR LLC increased its position in shares of United Parcel Service by 0.5% in the second quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after buying an additional 71,666 shares during the period. 52.90% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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