UPS - United Parcel Service, Inc.
Chart Events
MACD
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 99.71 |
| Open | 99.48 |
| Bid | 99.05 x 800 |
| Ask | 99.06 x 800 |
| Day's Range | 98.36 - 99.69 |
| 52 Week Range | 82.00 - 125.31 |
| Volume | 1,077,022 |
| Avg. Volume | 5,702,993 |
| Market Cap | 85.718B |
| Beta (5Y Monthly) | 0.83 |
| PE Ratio (TTM) | 20.13 |
| EPS (TTM) | 4.94 |
| Earnings Date | Jul 22, 2020 - Jul 27, 2020 |
| Forward Dividend & Yield | 4.04 (4.05%) |
| Ex-Dividend Date | May 22, 2020 |
| 1y Target Est | 103.22 |
Fair Value
Related Research
- GlobeNewswire
The UPS Foundation Commits US$3 Million To Gavi To Expand Innovative Last Mile Delivery Network And Bring Essential Vaccines To Children In Hardest To Reach Communities
The UPS Foundation, which leads the global citizenship programs for UPS (UPS), and Gavi, the Vaccine Alliance, announced today a commitment of US$3 million in new funding and in-kind logistics support spanning two years, provided by UPS and The UPS Foundation to Gavi. The new support will enable Gavi to continue to strengthen supply chain networks that deliver life-saving vaccines to children in the world’s poorest countries, and expand coverage of essential childhood vaccines with the mission of eliminating childhood deaths from avoidable diseases.
- GlobeNewswire
UPS To Mark World Environment Day By Matching Offsets Of Carbon Neutral Shipments In June
UPS (UPS) today announced the company will commemorate World Environment Day on June 5 by matching the carbon offsets of all packages shipped via its carbon neutral program during the month of June. UPS carbon neutral counterbalances the estimated carbon impact of each shipment by purchasing certified carbon offsets. “There is truly no better way to honor World Environment Day than to facilitate actions that will help the planet,” said Suzanne Lindsay-Walker, UPS chief sustainability officer (CSO) and vice president of environmental affairs.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On United Parcel Service, Inc. (UPS)
In this article you are going to find out whether hedge funds think United Parcel Service, Inc. (NYSE:UPS) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]
- Benzinga
UPS Slaps 'Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease
United Parcel Services Inc. (NYSE: UPS) is imposing an additional fee for delivery requests from e-commerce companies that is common during peak seasons, Reuters reported Thursday.The move will come into effect on May 31 and apply to "large, high-volume shippers and companies that send oversized items," according to Reuters.Major UPS clients include Amazon.com Inc. (NASDAQ: AMZN), Walmart Inc. (NYSE: WMT), and Target Corporation (NYSE: TGT), and all these companies are likely to be affected by the latest policy.The e-commerce companies have seen a sudden rise in business as authorities across the United States lifted the lockdowns and the companies are planning to restart deliveries of non-essential items.Delivery services like UPS, or rival FedEx Corporation (NYSE: FDX), typically impose these surcharges during the holiday season shopping surge.UPS and FedEx are also set to benefit from Amazon reportedly suspending its delivery service for third-party sellers on its platform starting June 1.UPS Price Action UPS shares closed 0.1% higher at $99.72 on Thursday and were mostly unchanged in the after-hours session.See more from Benzinga * FedEX, UPS Shares Surge As Amazon To Suspend Delivery Service For Third-Party Sellers Due To Increased Demand(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Reuters
UPS adds 'peak' surcharge amid coronavirus fueled delivery spike
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March. Such fees are common during the winter holiday season, when package volumes more than double. This round follows stay-at-home orders to fight the spread of the novel coronavirus.
- Zacks
United Parcel Service (UPS) Gains As Market Dips: What You Should Know
United Parcel Service (UPS) closed the most recent trading day at $99.72, moving +0.1% from the previous trading session.
- Reuters
CVS, Nuro to test driverless prescription delivery in Houston area
CVS Health Corp and unmanned vehicle delivery Nuro in June will start testing a service that drops prescriptions and other essentials free of charge to some customers in the Houston area, the companies said on Thursday. CVS and other companies are experimenting with myriad ways to serve customers who may be reluctant or unable to visit stores due to the coronavirus pandemic, which has fueled demand for home delivery of everything from groceries and medicine to patio furniture and gardening supplies. Mountain View, California-based Nuro said in a blog post that the service in Houston will launch with its autonomous Prius fleet and then switch in subsequent months to R2, its low-speed, custom-built delivery bot.
- Zacks
Why Is UPS (UPS) Up 3.7% Since Last Earnings Report?
UPS (UPS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GlobeNewswire
UPS Healthcare Announces UPS Premier
ATLANTA, May 28, 2020 -- A New Technology-Enabled Service Within Its Own Network And BeyondUPS Premier improves service reliability with priority-handling and improved.
- Benzinga
E-commerce Drives Multi-Pronged Expansion At UPS Airlines
UPS Airlines is expanding in the midst of a coronavirus pandemic that is forcing passenger airlines to shrink fleets and permanently downsize in line with expectations for weak travel demand in the coming years.The United Parcel Service, Inc (NYSE: UPS) fleet has been busy flying charter flights for the Federal Emergency Management Agency and other customers ordering desperately needed medical supplies for the COVID-19 response in the U.S. and other countries. But the real driver of extra business and aircraft investment is e-commerce and customers seeking express shipping – factors that were rising in importance well before the pandemic.In the first quarter, Next Day Air shipments in the U.S. grew by 20.5%, the fourth consecutive quarter of double-digit growth, the company said in its earnings report. In 2019, Next Day Air grew more than 22%.The popularity of online shopping continues to grow and consumers don't want to wait for their orders. Two-day shipping is now standard for many merchants. It remains an open question whether coronavirus stock-outs will force a rethink among companies trying to implement one-day or same-day deliveries. Global e-commerce sales are projected to more than double to $6.5 trillion by 2023, according to Statista. The Boston Consulting Group estimates U.S. e-commerce sales will double too, to $1 trillion, growing at six times the rate of all retail transactions. More than half of that growth is through giant marketplaces such as Rakuten, JD.com (NASDAQ: JD) Alibaba (NYSE: BABA) and Amazon that enable merchants to reach much larger audiences than they could on their own.Amazon.com Inc (NASDAQ: AMZN), is UPS' largest customer, accounting for 11.6% of UPS' $74 billion in revenue last. UPS is picking up more business as rival FedEx Corp. (NYSE:FDX) dissolved its U.S. air and ground delivery partnerships with Amazon.And e-commerce continued to boom as the coronavirus pandemic forced large numbers of people to quarantine at home and avoid brick-and-mortar stores.On May 12, UPS Airlines took delivery of a new 767 freighter from Boeing Co (NYSE: BA), one of 22 new, converted or leased 767s the company is adding over five years ending in 2022. Seven days later the all-cargo plane took its first revenue flight, UPS spokesman Jim Mayer said in an email. Boeing's website shows seven unfilled UPS orders for production of 767 freighters.Overall, UPS is expanding its in-house airline by 55 aircraft over that period, equivalent to more than 12 million pounds of payload capacity, including 28 Boeing 747-8 production freighters. Thirteen of the 747-8s are still on back order. The fourth-largest airline in the world currently operates 261 aircraft of its own and utilizes about 200 more through short-term leases and charters, according to a company fact sheet. UPS said in a tweet several days ago that it is adding five MD-11 aircraft — two this year and three in 2021. Mayer confirmed that the planes are used passenger aircraft that are being converted and resold by Boeing.Although the triple-engine planes are less fuel-efficient than many others in service today, they have large cargo payloads and are inexpensive, Mayer explained to The Points Guy blog.E-commerce also propelled Louisville International Airport in Kentucky to fourth place in preliminary rankings of the world's busiest cargo airports, released this month by Airports Council International. UPS's Worldport global package hub is located at the airport, which also serves as home base to UPS Airlines.Airports Council International 2019 ranking of top global cargo airports.The Louisville airport moved up three spots as freight and mail volume increased 6.4% to a record 6.2 billion pounds (2.8 million metric tons). It also moved up to second place, from third, among the largest cargo airports in the U.S. Louisville was one of the few airports to gain cargo business during a year when overall cargo demand fell 3.9%. And cargo volume grew 2.2% in the first quarter, despite economic slowdowns around the world due to the coronavirus.Hong Kong remained the top global airport for cargo, despite a 6.1% decline in volume attributed to trade tensions between the U.S. and China and pro-democracy protests that dampened air travel and flights to the city. Memphis, Tennessee, home to FedEx Express, continued to hold the second spot for cargo, followed by Shanghai.New Chicagoland AirportOnline deliveries are also behind the recent decision to expand the UPS express air network to Gary/Chicago International Airport in Indiana. UPS said it will begin operating there Nov. 2, in time for the peak holiday shipping season, with an Airbus A300 cargo plane that can carry more than 14,000 packages.Each weeknight the aircraft will depart Gary for the UPS Worldport in Louisville and return in the morning with packages sorted from around the world for the northern Indiana and Chicago area.UPS said it expects to employ about 60 people at the airport, including ground handlers, administrative personnel, aircraft maintenance technicians and managers. UPS signed a lease on May 13 for 14,000 square feet of office space in the airport's passenger terminal and a 150,000-square-foot ramp area with enough space to park two A300s.UPS will install a mobile distribution center on the ramp, Mayer tells FreightWaves. The MDC is a poured foundation and a modular metal building with truck doors and a conveyor belt inside for directing packages to the correct vehicle. Mayer said the MDCs give UPS a quick way to add sort capacity and are sometimes used at existing warehouses to expand operating space during the peak holiday season. See more from Benzinga * Beef And chicken inventories Surge In April * Weekly Fuel Report: May 25, 2020 * Amazon Is Serious About Self-Driving Technology, Eyeing Multi-Billion Dollar Acquisition(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Yahoo Finance
Amazon has a rare opportunity to snatch up cheap planes and take on FedEx
Cheap planes and a need for more capacity could be a perfect opportunity for Amazon to snatch up new jets for its delivery services.
- Bloomberg
Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its Heels
(Bloomberg) -- Amazon.com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels.Shipping costs are one of Amazon’s largest expenses and may reach $90 billion in the coming years, Morgan Stanley’s internet, auto and transport analysts wrote in a report Wednesday. An autonomous offering could save the company more than $20 billion annually, they estimate.“Autonomous technology is a natural extension of Amazon’s efforts to build its own third party logistics network,” Morgan Stanley’s analysts wrote. They see the company being a “clear” competitor to the likes of Tesla Inc. and General Motors Co. and the potential for Amazon to compete in ride-sharing and food delivery. United Parcel Service Inc. and FedEx Corp. also “will have to respond to keep up.”Other companies in the automotive and chip industries have also held talks with Zoox about a potential investment, according to people familiar with the matter. At least one other business besides Amazon has offered to buy the company, they added. Zoox is unlikely to sell for less than the more than $1 billion that it has raised, according to the people, who asked not to be identified discussing private negotiations.“Zoox has been receiving interest in a strategic transaction from multiple parties and has been working with Qatalyst Partners to evaluate such interest,” the startup said Tuesday. It declined to comment on Amazon’s interest. A spokeswoman for Amazon declined to comment.Zoox had outsize ambition and financial backing. The startup wanted to build a fully driverless car by this year. However, after a 2018 funding round that valued Zoox at $3.2 billion, the startup’s board voted to oust Chief Executive Officer Tim Kentley-Klay. The executive criticized the move, saying the directors were “optimizing for a little money in hand at the expense of profound progress.”Dow Jones reported that Amazon is in advanced talks to buy Zoox for less than the $3.2 billion valuation from 2018.Amazon is willing to spend heavily to automate its e-commerce business. The online retail giant purchased warehouse robot-maker Kiva Systems Inc. in 2012 for $775 million and now has tens of thousands of robots in warehouses around the world.But paying drivers to deliver packages is still one of the biggest costs in the company’s operation. Chief Executive Officer Jeff Bezos announced plans for drone delivery in 2013, though they have yet to materialize at scale. Last year, Amazon revealed an experimental delivery robot called Scout in the Seattle area that rolls on sidewalks like a shopping cart.Last year, Amazon invested along with Silicon Valley venture firm Sequoia Capital in self-driving startup Aurora Innovation Inc., a startup led by the former heads of Google’s driverless car project and Tesla’s Autopilot team. Amazon also backed Rivian Automotive Inc., the electric pickup and SUV maker. Those bets left Morgan Stanley’s auto analyst questioning earlier this month whether Tesla’s rich valuation is warranted given the competitive threats the company faces.“We often hear from investors that Tesla could potentially be the Amazon of transportation,” Adam Jonas, who rates Tesla the equivalent of a hold, wrote in a May 17 report. “But what if Amazon is the Amazon of transportation?”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Ware2Go Study: 87% of Americans Are Taking Up New Activities During Coronavirus Isolation, Ushering in the ‘Business to Everyone’ Era
Ware2Go, a UPS (NYSE:UPS) company that helps merchants simplify fast delivery to customers, announced new research results from its recent survey of American consumer habits during the coronavirus pandemic. Some 87% of Americans are taking up new activities due to shelter-in-place directives being implemented to slow the spread of COVID-19.
- Barrons.com
With Aircraft Prices Sliding, the Time Is Ripe for an Expansion of Amazon Air
Now might be the perfect time for Amazon.com to throttle up plans for its airfreight business, says BofA Global Research analyst Justin Post.
- Bloomberg
Amazon Prime Air Seen Surging Fivefold to 200 Jets, Rivaling UPS
(Bloomberg) -- Amazon.com Inc.’s Prime Air fleet will grow to about 200 planes -- up from 42 now -- in the next seven or eight years, creating an air cargo service that could rival United Parcel Service Inc., according to a study.“At a time when many other airlines are downsizing due to the pandemic, Amazon’s push for faster and cheaper at-home delivery is moving ahead on an ambitious timetable,” said the report issued Friday by DePaul University’s Chaddick Institute of Metropolitan Development. “Amazon Air’s robust expansion makes it one of the biggest stories in the air cargo industry in years.”Amazon unveiled the air cargo service in 2016, prompting speculation that it would ultimately create an overnight delivery network to rival delivery partners UPS and FedEx Corp.Prime Air operates out of smaller regional airports close to its warehouses around the country, helping Amazon quickly move inventory to accommodate one- and two-day delivery. For that reason, some analysts have dismissed Amazon as a potential competitor to UPS and FedEx since it can only offer limited service to a small number of destinations and seems designed to handle Amazon packages.Key to its ability to take on the entrenched players, the report says, is Amazon’s new $1.5 billion facility near Cincinnati that will accommodate up to 100 planes and as many as 200 flights each day. Amazon’s lack of a central hub has kept it from competing in the overnight delivery services offered by UPS and FedEx, which have more planes flying to more destinations.“The massive investment being made in a large hub at Cincinnati/Northern Kentucky International Airport, however, could change everything,” the report says. “This hub appears to be the linchpin to Amazon’s efforts to develop a comprehensive array of domestic delivery services.”A separate report released Monday noted Amazon’s lack of a central hub in concluding it was not a competitive threat to FedEx, which has a hub in Memphis, or UPS, which has one in Louisville. FedEx’s network can offer 9,000 daily flight connections, UPS’ 5,500 and Amazon Air just 363, according to the report from Bernstein.“The viability of a commercial overnight offering from Amazon remains very limited,” Bernstein analyst David Vernon wrote. “Offering a low cost on shipping to a small number of markets every so often will never be a serious competitive threat.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Barrons.com
USPS Needs Fixing. Wall Street Has a Plan.
Investors should watch what happens, because changes for the U.S. Postal Service have big implications for FedEx and UPS, and for companies involved in e-commerce.
- GlobeNewswire
UPS Delivers 5 Millionth Meal to Rural Students and their Families Impacted by Novel Coronavirus Crisis
UPS (UPS), a global leader in logistics, in partnership with McLane Global, a leading food and logistics company, today announced the delivery of the five millionth meal through the Emergency Meals-to-You program, designed to deliver shelf-stable, nutritious meals to students in rural areas of the country. The program is a partnership between McLane Global, UPS, USDA, the Baylor Collaborative on Hunger and Poverty, and PepsiCo to deliver meals to students in rural areas who would otherwise go hungry due to the impact of the novel coronavirus. The logistics solution was developed with support from The UPS Foundation, which leads UPS’s global citizenship programs.
- GlobeNewswire
UPS Healthcare Provides Urgent Support For Dr. Reddy’s Laboratories’ Temperature-Sensitive Medicines
Due to flight restrictions on the pharmaceutical company’s supply chain because of the Coronavirus pandemic, Dr. Reddy’s teamed up with UPS Healthcare to get 30 tons of temperature-controlled medical cargo from India to the U.S. ATLANTA, May 18, 2020 (GLOBE NEWSWIRE) -- UPS (UPS) today announced a collaboration with Dr. Reddy’s Laboratories to get 30 tons of pharmaceuticals from India to the United States via Europe. Given the supply chain challenges and restrictions due to the Coronavirus pandemic, UPS Healthcare and Dr. Reddy’s created an emergency supply chain plan to replenish pharmaceutical stocks in U.S. markets.
- Reuters
FOCUS-Automated delivery cashes in on pandemic-driven demand
The coronavirus crisis is accelerating a shift in the world of autonomous cars toward delivering packages instead of people, as big players open up a lead over startups in the race for funding. "The reality right now is that goods delivery is a bigger market than moving people," John Krafcik, chief executive officer of self-driving technology company Waymo, told Reuters in early May. Waymo, a unit of Google’s parent Alphabet, started out focusing on autonomous taxis.
- GlobeNewswire
UPS Board Announces Quarterly Dividend
ATLANTA, May 14, 2020 -- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $1.01 per share on all outstanding Class A and Class B shares..
- Zacks
UPS Announces Service Expansion on Next Day Air Volume Surge
With a rapid rise in Next Day Air volumes, UPS plans to launch air service from Gary/Chicago International Airport on Nov 2.
- Benzinga
Matternet Readies Cargo Drone For FAA tests
One of the country's largest small drone manufacturers is ready to begin durability and reliability testing of one of its cargo delivery units with the U.S. Federal Aviation Administration (FAA) this year.Mountain View, California-based Matternet announced Tuesday that the testing with the agency brings the company's M2 drone closer to receiving special type certification for unmanned aircraft systems.Achieving this certification from the FAA will establish that Matternet's M2 drone is airworthy and eligible for use by commercial air carriers. While numerous cargo delivery drones are undergoing development and testing, none has received this level of certification.Since March 2019, FAA-approved drone airline UPS Flight Forward has used Matternet's M2 drones to carry out various urban cargo delivery tests throughout the country.In partnership with WakeMed Health, UPS Flight Forward used M2 drones to complete more than 1,850 deliveries of lab samples within its Raleigh, North Carolina, medical campus in 2019. The FAA requires UPS drone operators to maintain a clear line of sight of the machines during flight.This month UPS Flight Forward will use M2 drones to make short-distance deliveries of prescription drugs from a CVS Health Corp. pharmacy to The Villages in Florida, the largest U.S. retirement community and home to more than 135,000 residents.The potential for "touchless" drone deliveries of medical supplies, lab samples and pharmaceuticals has taken on increased significance with efforts to combat the spread of COVID-19 within communities."The Matternet M2 has been purpose-built for its mission of urban medical delivery, combining solid engineering, years of flight experience, and the safety and security required for medical logistics," said the company's CEO, Andreas Raptopoulos, in a statement.Receiving this type of certification from the FAA will allow UPS to scale operations much more quickly, Matternet said.However, industry experts say the agency's durability and reliability testing to certify airworthiness is rigorous."This will probably be measured in years rather than months," said Michael Blades, vice president of aerospace, defense and security at investment strategies firm Frost & Sullivan. "The strict safety requirements will require a lot of testing over a relatively long period of time."Amazon.com Inc (NASDAQ: AMZN) began developing drones in 2013 for consumer deliveries. Since then, other express delivery companies, such as United Parcel Service, Inc (NYSE: UPS) and FedEx Corporation (NYSE: FDX), have initiated their own plans for the technology.Blades told American Shipper during an interview in mid-April that FAA regulations for drone flight ceilings, times of operation and visual contact by operators during flight continue to hold back the technology's commercial cargo potential in the U.S.He estimated in a recent Frost & Sullivan report that between 2019 and 2023, about 100,000 drones will be in use for cargo delivery applications, and they will be operated by firms providing niche services.Photo credit: MatternetSee more from Benzinga * Avianca Receives Preliminary OK For Chapter 11 Bankruptcy * Today's Pickup: How A Canadian Carrier Recession-Proofed Its Business * Double-Digit Percentage Declines Persist For US Rail Volumes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- GlobeNewswire
UPS To Launch Air Service From Gary/Chicago International Airport
UPS (UPS) today announced the expansion of its express air network to Gary/Chicago International Airport. Gary will be served by a UPS Airlines Airbus A300. With a maximum payload of more than 120,000 lbs., the wide body cargo jet can carry more than 14,000 UPS Next Day Air® packages.
- Business Wire
Ware2Go Study: Online Shoppers Buying From More Sellers and Broader Categories
Online shoppers are buying from more sellers and in more product categories amid shelter in place orders and social distancing practices, according to a survey by Ware2Go, a UPS (NYSE:UPS) company that helps merchants simplify fast delivery to customers. More than half (55%) say they’re purchasing from online retailers they’ve never shopped with before and buying a broader range of products: 61% buying groceries, 45% purchasing clothing, and 34% buying vitamins and supplements online.
- Investopedia
How Drones Are Changing the Business World
The economic impact associated with unmanned aerial vehicle (UAV) integration consists of job creation and billion-dollar growth.
