United Parcel Service (NYSE:UPS) Given New $150.00 Price Target at Bank of America

United Parcel Service (NYSE:UPS) had its target price increased by Bank of America from $132.00 to $150.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

UPS has been the topic of a number of other reports. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Robert W. Baird lowered their target price on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. The Goldman Sachs Group cut their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Oppenheimer dropped their target price on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Performance

Shares of UPS stock opened at $135.34 on Friday. The business’s 50 day moving average is $131.02 and its two-hundred day moving average is $135.81. United Parcel Service has a 12-month low of $123.12 and a 12-month high of $163.82. The company has a market capitalization of $115.93 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business earned $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that United Parcel Service will post 7.41 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.82%. United Parcel Service’s dividend payout ratio (DPR) is presently 98.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in UPS. 180 Wealth Advisors LLC increased its holdings in United Parcel Service by 8.3% during the 1st quarter. 180 Wealth Advisors LLC now owns 1,657 shares of the transportation company’s stock worth $246,000 after purchasing an additional 127 shares during the period. Financial Management Professionals Inc. grew its stake in United Parcel Service by 12.6% during the 1st quarter. Financial Management Professionals Inc. now owns 2,231 shares of the transportation company’s stock worth $332,000 after buying an additional 249 shares during the last quarter. Vicus Capital acquired a new position in United Parcel Service during the first quarter worth approximately $461,000. CRA Financial Services LLC lifted its stake in United Parcel Service by 3.1% in the first quarter. CRA Financial Services LLC now owns 8,180 shares of the transportation company’s stock valued at $1,216,000 after buying an additional 248 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in shares of United Parcel Service by 1.6% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,965 shares of the transportation company’s stock valued at $4,900,000 after acquiring an additional 524 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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 express letters, documents, small packages, and palletized freight through air and ground services in the United States.