United Parcel Service (NYSE:UPS) Given New $169.00 Price Target at BMO Capital Markets

United Parcel Service (NYSE:UPS) had its target price hoisted by BMO Capital Markets from $165.00 to $169.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the transportation company’s stock.

UPS has been the topic of several other research reports. Oppenheimer increased their target price on United Parcel Service from $153.00 to $157.00 and gave the company an outperform rating in a report on Wednesday. HSBC dropped their price objective on United Parcel Service from $155.00 to $150.00 and set a hold rating on the stock in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on United Parcel Service from $183.00 to $179.00 and set a buy rating on the stock in a report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on United Parcel Service from $178.00 to $170.00 and set a buy rating on the stock in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $154.00 to $150.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of Hold and a consensus target price of $165.23.

United Parcel Service Stock Performance

NYSE:UPS opened at $147.59 on Wednesday. The firm has a market capitalization of $125.84 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.05. The business’s fifty day moving average price is $149.56 and its 200 day moving average price is $150.93. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.10. United Parcel Service has a 12 month low of $133.68 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. On average, sell-side analysts anticipate that United Parcel Service will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $1.63 per share. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the transaction, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds have recently added to or reduced their stakes in the company. Riverwater Partners LLC acquired a new stake in United Parcel Service in the first quarter valued at about $210,000. Pavion Blue Capital LLC lifted its position in shares of United Parcel Service by 11.5% during the 1st quarter. Pavion Blue Capital LLC now owns 25,034 shares of the transportation company’s stock valued at $3,721,000 after acquiring an additional 2,575 shares during the period. LifeSteps Financial Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter valued at approximately $131,000. Prestige Wealth Management Group LLC lifted its position in shares of United Parcel Service by 3.1% during the 1st quarter. Prestige Wealth Management Group LLC now owns 2,539 shares of the transportation company’s stock valued at $377,000 after acquiring an additional 77 shares during the period. Finally, Northwest Bancshares Inc. lifted its position in shares of United Parcel Service by 8.2% during the 1st quarter. Northwest Bancshares Inc. now owns 38,357 shares of the transportation company’s stock valued at $5,701,000 after acquiring an additional 2,905 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.