Fintel reports that on July 31, 2023, Credit Suisse downgraded their outlook for United Parcel Service, Inc. – Class B (NYSE:UPS) from Outperform to Neutral.
Analyst Price Forecast Suggests 2.76% Upside
As of July 6, 2023, the average one-year price target for United Parcel Service, Inc. – Class B is 193.08. The forecasts range from a low of 101.00 to a high of $241.50. The average price target represents an increase of 2.76% from its latest reported closing price of 187.89.
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The projected annual revenue for United Parcel Service, Inc. – Class B is 101,376MM, an increase of 2.52%. The projected annual non-GAAP EPS is 12.39.
United Parcel Service, Inc. – Class B Declares $1.62 Dividend
On May 3, 2023 the company declared a regular quarterly dividend of $1.62 per share ($6.48 annualized). Shareholders of record as of May 15, 2023 received the payment on June 1, 2023. Previously, the company paid $1.62 per share.
At the current share price of $187.89 / share, the stock’s dividend yield is 3.45%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.08%, the lowest has been 1.89%, and the highest has been 4.64%. The standard deviation of yields is 0.66 (n=236).
The current dividend yield is 0.55 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.52. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.60%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3470 funds or institutions reporting positions in United Parcel Service, Inc. – Class B. This is an increase of 10 owner(s) or 0.29% in the last quarter. Average portfolio weight of all funds dedicated to UPS is 0.66%, an increase of 12.09%. Total shares owned by institutions decreased in the last three months by 2.35% to 584,810K shares. The put/call ratio of UPS is 0.96, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 22,446K shares representing 2.61% ownership of the company. In it’s prior filing, the firm reported owning 22,181K shares, representing an increase of 1.18%. The firm increased its portfolio allocation in UPS by 4.27% over the last quarter.
Jpmorgan Chase holds 20,662K shares representing 2.41% ownership of the company. In it’s prior filing, the firm reported owning 24,038K shares, representing a decrease of 16.34%. The firm decreased its portfolio allocation in UPS by 11.37% over the last quarter.
Bank Of America holds 17,226K shares representing 2.01% ownership of the company. In it’s prior filing, the firm reported owning 16,375K shares, representing an increase of 4.94%. The firm decreased its portfolio allocation in UPS by 73.00% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 17,030K shares representing 1.98% ownership of the company. In it’s prior filing, the firm reported owning 16,871K shares, representing an increase of 0.93%. The firm increased its portfolio allocation in UPS by 4.46% over the last quarter.
Charles Schwab Investment Management holds 14,944K shares representing 1.74% ownership of the company. In it’s prior filing, the firm reported owning 4,809K shares, representing an increase of 67.82%. The firm increased its portfolio allocation in UPS by 190.96% over the last quarter.
United Parcel Service Background Information
(This description is provided by the company.)
UPS, one of the world’s largest package delivery companies with 2019 revenue of $74 billion, provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to being a steward of the environment and positively contributing to the communities we serve around the world. UPS also takes a strong and unwavering stance in support of diversity, equity and inclusion.
This article originally appeared on Fintel
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