United Parcel Service, Inc. (NYSE:UPS) – Analysts at Seaport Global Securities dropped their Q2 2019 earnings per share (EPS) estimates for United Parcel Service in a research note issued to investors on Monday, April 29th, according to Zacks Investment Research. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings of $1.94 per share for the quarter, down from their previous forecast of $2.04.
Several other equities analysts have also recently weighed in on UPS. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Friday. Berenberg Bank reiterated a “hold” rating and set a $125.00 target price on shares of United Parcel Service in a research note on Monday, March 25th. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Credit Suisse Group reiterated a “neutral” rating and set a $114.00 target price on shares of United Parcel Service in a research note on Wednesday, March 6th. Finally, Standpoint Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $122.41.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.03). United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.79 billion. During the same quarter last year, the business posted $1.55 earnings per share. United Parcel Service’s revenue was up .3% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the business. Orrstown Financial Services Inc. purchased a new position in United Parcel Service during the 4th quarter valued at about $29,000. Reilly Financial Advisors LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Larson Financial Group LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. CX Institutional purchased a new position in shares of United Parcel Service during the first quarter worth about $29,000. Finally, RPG Investment Advisory LLC grew its holdings in shares of United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares in the last quarter. 55.77% of the stock is owned by institutional investors and hedge funds.
In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of United Parcel Service stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $109.72, for a total transaction of $548,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, May 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
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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