According to The Fly, research analysts at Barclays lowered the price objective for United Parcel Service (NYSE: UPS) in a research note emailed to clients and investors on Thursday. The new price objective is $180.00, which decreases from the previous price objective of $200.00. The price that Barclays has set as its goal for the company’s stock is 3.55 percent higher than its most recent closing price. Additionally, some equity specialists have expressed concerns regarding UPS. In research that was released on July 12, United Parcel Service was given a rating of “underperform” by Wolfe Research. This rating was a decrease from their prior grade of “peer perform.” In a research report published on Tuesday, July 12, Evercore ISI maintained its “outperform” rating on shares of United Parcel Service and set a price objective of $227.00 on the stock. This represents a decrease from the previous price target of $255.00 established for the business.
United Parcel Service was given an “overweight” rating by Wells Fargo & Company in a research report published on Wednesday, July 27. However, the company lowered its price objective on the stock from $270.00 to $223.00 at the same time. Credit Suisse Group gave United Parcel Service an “outperform” rating in a research report published on Wednesday, July 27. Credit Suisse Group also established a price target of $223.00 for the company’s stock. In a research note issued on Friday, July 15, Raymond James lowered their price objective on United Parcel Service from $250 to $225 in a research note. The research note was about the company’s outlook on United Parcel Service. This was the final reduction, although it was by no means the least important. Two research analysts have provided their recommendation to sell the stock; ten research analysts have provided their request to hold the stock; fourteen research analysts have provided their advice to buy the stock, and one research analyst has provided their recommendation to strongly buy the stock.
According to data acquired from Bloomberg.com, the firm currently has a “Moderate Buy” rating as the consensus rating, and the average price goal for the company is $215.11. On Thursday, the price of one share of UPS stock was determined to be $173.83 per share. The current moving average for the company’s stock over the past 50 days is $193.86, while the current moving average over the past 200 days is $190.78. United Parcel Service’s lowest price over the past year was $165.34, while the company’s all-time high was $233.72. There is 1.10 times more debt than equity, 1.10 times more debt to equity than the current ratio, 1.10 times more quick ratio than the current ratio, and 1.10 times more quickly than the current ratio. The company possesses a price-to-earnings ratio of 13.96, a price-to-earnings-to-growth ratio of 1.54, and a beta value of 1.07. The market value of the company is $151 billion.
On Tuesday, July 26, United Parcel Service (NYSE: UPS) released its most recent quarterly financial report results. The day marked the day that the results were made public. For the third quarter, the transportation company announced earnings per share of $3.29, which was $0.15 higher than the consensus forecast of $3.14 from analysts. The revenue for the quarter was $24.80 billion, which was substantially more than the projection of $24.59 billion that the analysts provided. United Parcel Service had a return on equity of 76.43 percent, and the company’s net margin was 10.92 percent. Compared to the same period of the previous year, the rise in income was 5.9% higher than before. The business posted profits per share of $3.06 each in the same period as the previous year. Research experts predict that United Parcel Service will create earnings of $12.85 per share in 2018. This is based on the company’s performance in 2017.
Additionally, on Tuesday, August 2, Chief Marketing Officer Kevin M. Warren sold 23,366 shares of United Parcel Service stock, as was reported in other news regarding the company. The stock sale generated a total of $4,518.841.46 in revenue, with the average price at which each share was purchased being $193.31. If you follow this link, you will be brought to a filing just submitted to the SEC, providing you with additional information regarding the transaction. According to another piece of news, on Thursday, August 11, Kathleen M. Gutmann, employed by the company and had insider trading privileges, sold 21,307 shares of the company’s stock. The shares were sold for a total of $4,357,494.57, which works out to an average price of $204.51 per share when divided by the number of shares sold.
At the present time, the insider of the firm has 102,591 shares of the company, which together have a total market value of $20,980,885.41 Following the link that was provided in the previous line, you will be able to examine the filing that was made with the Securities and Exchange Commission that made the transaction public knowledge. In addition, 23,366 shares of the company’s stock were sold on Tuesday, August 2, by Kevin M. Warren, who acts as the chief marketing officer for the company. The stock sale generated a total of $4,518.841.46 in revenue, with the average price at which each share was purchased being $193.31. Disclosures that are related to the sale might be found in this section of the website. At present, business insiders hold a stake equal to 0.12% of the total company stock.
Recent transactions involving the company’s stock involved several institutional investors purchasing and selling shares. These transactions have taken place in recent times. Norges Bank invested $1,399,135,000 in United Parcel Service in the fourth quarter, giving it a new holding in the company. The value of Capital International Investors’ investment in United Parcel Service increased by 107.3% during the fourth quarter as compared to the previous quarter (UPS). After making an additional 3,584,871 share purchase during the most recent quarter, Capital International Investors now possesses 6,925,181 shares of the transportation company’s stock, valued at a total of $1,484,343,000. These shares were acquired to bring the total number of shares owned by the investor to 6,925,181. Capital World Investors increased the amount of United Parcel Service stock that is owned by 60.0% during the first three months of the year.
Currently, Capital World Investors is the owner of a total of 5,059,904 shares of stock in the transportation company. There is a total value of $1,085,147,000 attached to these shares. This is a direct outcome of purchasing an additional 1,898,084 shares during the quarter immediately before the current one. BlackRock Inc. increased the amount of United Parcel Service stock owned by 3.4% during the first quarter of this year. BlackRock Inc. currently has a total of 53,873,217 shares of the transportation business, thanks to an additional purchase of 1,781,756 during the most recent quarter. This gives the company a total value of $11,553,650,000 in assets related to the transportation business. Not to mention, Franklin Resources, Inc. increased its holdings of United Parcel Service stock by 27.0 percent during the second quarter. Franklin Resources Inc. now owns 6,412,452 shares of the transportation company’s stock, which has a value of $1,170,529,000 after purchasing an additional 1,362,612 shares of the company’s stock during the most recent fiscal quarter. This brings the total number of shares that Franklin Resources Inc. 59.60% of the company’s common stock is currently owned by hedge funds and other institutional investors.
United Parcel Service, Inc. is a corporation that provides a variety of services, including the delivery of mail and packages, in addition to other services such as logistics and transportation. One of the many services this firm provides is mail delivery and packages. Domestic package delivery within the United States and international package delivery outside of the United States are the two operating divisions that comprise the business. The United States Domestic Package division uses both ground and air transportation to transport palletized freight as well as letters, papers, small packages, and other products all over the country on a time-definite basis. This is accomplished through the use of a combination of both ground and air transportation.