United Parcel Service, Inc. to Issue Quarterly Dividend of $1.63 (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Monday, November 18th will be paid a dividend of 1.63 per share by the transportation company on Thursday, December 5th. This represents a $6.52 annualized dividend and a dividend yield of 4.87%.

United Parcel Service has increased its dividend payment by an average of 17.1% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. United Parcel Service has a payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Parcel Service to earn $8.79 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 74.2%.

United Parcel Service Trading Up 0.1 %

Shares of United Parcel Service stock opened at $133.93 on Thursday. The company’s fifty day simple moving average is $131.83 and its 200-day simple moving average is $135.39. The stock has a market capitalization of $114.72 billion, a PE ratio of 20.23, a P/E/G ratio of 2.19 and a beta of 0.99. United Parcel Service has a 1-year low of $123.12 and a 1-year high of $163.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that United Parcel Service will post 7.47 earnings per share for the current year.

Analyst Ratings Changes

UPS has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group reduced their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Monday, October 21st. Finally, Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.71.

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