United Parcel Service, Inc. (NYSE:UPS – Get Rating) – Stock analysts at Zacks Research raised their Q2 2024 earnings per share estimates for United Parcel Service in a research note issued on Monday, June 12th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of $2.48 for the quarter, up from their previous estimate of $2.47. The consensus estimate for United Parcel Service’s current full-year earnings is $10.78 per share. Zacks Research also issued estimates for United Parcel Service’s Q4 2024 earnings at $2.47 EPS and FY2024 earnings at $8.99 EPS.
UPS has been the topic of a number of other research reports. StockNews.com assumed coverage on shares of United Parcel Service in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $221.00 to $205.00 in a research note on Wednesday, April 26th. Wolfe Research raised shares of United Parcel Service from an “underperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. Oppenheimer decreased their target price on shares of United Parcel Service from $199.00 to $188.00 in a research report on Wednesday, April 26th. Finally, Susquehanna reduced their price objective on shares of United Parcel Service from $180.00 to $173.00 in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.23.
United Parcel Service Trading Up 1.2 %
United Parcel Service (NYSE:UPS – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The transportation company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.01. United Parcel Service had a net margin of 10.90% and a return on equity of 57.68%. The company had revenue of $22.93 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the previous year, the business earned $3.05 EPS. The firm’s revenue was down 6.0% on a year-over-year basis.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a dividend of $1.62 per share. The ex-dividend date was Friday, May 12th. This represents a $6.48 annualized dividend and a dividend yield of 3.71%. United Parcel Service’s dividend payout ratio is currently 52.43%.
Institutional Trading of United Parcel Service
A number of institutional investors have recently modified their holdings of UPS. Gleason Group Inc. boosted its holdings in United Parcel Service by 0.9% in the first quarter. Gleason Group Inc. now owns 6,166 shares of the transportation company’s stock worth $1,196,000 after acquiring an additional 53 shares in the last quarter. Oak Harbor Wealth Partners LLC raised its stake in shares of United Parcel Service by 0.3% in the first quarter. Oak Harbor Wealth Partners LLC now owns 17,501 shares of the transportation company’s stock worth $3,395,000 after purchasing an additional 53 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of United Parcel Service by 1.2% during the fourth quarter. Oakworth Capital Inc. now owns 4,517 shares of the transportation company’s stock valued at $785,000 after acquiring an additional 54 shares during the last quarter. Addison Advisors LLC increased its position in shares of United Parcel Service by 7.8% during the fourth quarter. Addison Advisors LLC now owns 757 shares of the transportation company’s stock valued at $132,000 after acquiring an additional 55 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its position in shares of United Parcel Service by 2.6% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 2,135 shares of the transportation company’s stock valued at $414,000 after acquiring an additional 55 shares during the last quarter. 58.92% of the stock is currently owned by institutional investors.
About United Parcel Service
United Parcel Service, Inc is a package delivery company, which engages in the provision of global supply chain management solutions. It operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain Solutions. The U.S. Domestic Package segment includes time-definite delivery of letters, documents, and packages.
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