Goldman Sachs Group set a $139.00 price objective on United Parcel Service (NYSE:UPS) in a report published on Wednesday, July 25th. The firm currently has a buy rating on the transportation company’s stock.

UPS has been the subject of several other reports. Zacks Investment Research raised shares of United Parcel Service from a hold rating to a buy rating and set a $126.00 price objective for the company in a report on Tuesday, July 24th. ValuEngine upgraded shares of United Parcel Service from a sell rating to a hold rating in a research note on Monday, July 16th. UBS Group upgraded shares of United Parcel Service from a neutral rating to a buy rating and set a $125.00 target price for the company in a research note on Monday, July 16th. Loop Capital increased their price objective on shares of United Parcel Service to $139.00 and gave the company a buy rating in a research note on Wednesday, May 30th. Finally, Bank of America upgraded shares of United Parcel Service from a neutral rating to a buy rating in a research note on Monday, May 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $122.99.

Shares of UPS stock traded down $1.60 during trading hours on Wednesday, reaching $119.27. 2,341,265 shares of the stock traded hands, compared to its average volume of 2,474,552. United Parcel Service has a 1-year low of $101.45 and a 1-year high of $135.53. The firm has a market capitalization of $103.99 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.80 and a beta of 1.14. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The firm had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. sell-side analysts predict that United Parcel Service will post 7.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, August 17th. United Parcel Service’s dividend payout ratio is currently 60.57%.

In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Legacy Financial Advisors Inc. acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $111,000. First PREMIER Bank acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $109,000. Massey Quick Simon & CO. LLC raised its position in shares of United Parcel Service by 2,857.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,000 shares during the period. Signature Wealth Management Group acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $118,000. Finally, Advisors Preferred LLC raised its position in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 1,015 shares during the period. 53.53% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

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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