Gifford Fong Associates acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,800 shares of the transportation company’s stock, valued at approximately $1,235,000.
Other hedge funds also recently added to or reduced their stakes in the company. Focused Wealth Management Inc acquired a new position in United Parcel Service during the 4th quarter worth approximately $106,000. Massey Quick Simon & CO. LLC increased its position in United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $115,000. Silvant Capital Management LLC acquired a new position in United Parcel Service during the 1st quarter worth approximately $122,000. Finally, Resources Investment Advisors Inc. increased its position in United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares in the last quarter. Institutional investors and hedge funds own 53.49% of the company’s stock.
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A number of equities analysts recently issued reports on UPS shares. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Loop Capital boosted their target price on shares of United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Deutsche Bank lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price on the stock. in a report on Thursday, February 22nd. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday, May 14th. Finally, BMO Capital Markets reduced their target price on shares of United Parcel Service to $121.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus target price of $124.47.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total value of $170,130.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.56% of the company’s stock.
NYSE:UPS opened at $117.25 on Monday. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 52 week low of $101.45 and a 52 week high of $135.53. The firm has a market capitalization of $101.03 billion, a PE ratio of 19.51, a PEG ratio of 1.75 and a beta of 1.03.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The company had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same period in the prior year, the firm posted $1.32 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. equities research analysts forecast that United Parcel Service, Inc. will post 7.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, May 18th. United Parcel Service’s dividend payout ratio is currently 60.57%.
United Parcel Service Company Profile
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.