United Parcel Service (NYSE:UPS) – Analysts at Seaport Global Securities dropped their FY2018 earnings per share estimates for United Parcel Service in a research note issued to investors on Tuesday, May 22nd. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will post earnings of $7.18 per share for the year, down from their previous estimate of $7.19. Seaport Global Securities also issued estimates for United Parcel Service’s Q4 2018 earnings at $1.92 EPS, Q1 2019 earnings at $1.67 EPS and Q4 2019 earnings at $2.19 EPS.
Several other research analysts also recently commented on UPS. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. BMO Capital Markets decreased their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Loop Capital lifted their target price on United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Robert W. Baird reissued a “hold” rating and set a $120.00 target price on shares of United Parcel Service in a research note on Tuesday, April 10th. Finally, Knight Equity downgraded United Parcel Service from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $115.00 in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average target price of $124.26.
NYSE UPS opened at $115.63 on Thursday. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53. The stock has a market capitalization of $99.40 billion, a PE ratio of 19.24, a P/E/G ratio of 1.72 and a beta of 1.02.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter last year, the company earned $1.32 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, May 18th. United Parcel Service’s dividend payout ratio is presently 60.57%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its holdings in shares of United Parcel Service by 26.2% in the 1st quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock worth $781,240,000 after purchasing an additional 1,547,617 shares during the period. Boston Partners purchased a new position in shares of United Parcel Service in the 1st quarter worth approximately $75,929,000. American Century Companies Inc. boosted its holdings in shares of United Parcel Service by 54.3% in the 1st quarter. American Century Companies Inc. now owns 1,962,565 shares of the transportation company’s stock worth $205,402,000 after purchasing an additional 690,451 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of United Parcel Service by 18.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock worth $438,331,000 after purchasing an additional 652,699 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $76,351,000. Institutional investors and hedge funds own 53.60% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. 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.
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