Quadrant Capital Group LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 36.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,316 shares of the transportation company’s stock after acquiring an additional 348 shares during the quarter. Quadrant Capital Group LLC’s holdings in United Parcel Service were worth $136,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its holdings in United Parcel Service by 9,644.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 7,289,396 shares during the period. Norges Bank purchased a new position in United Parcel Service during the fourth quarter worth approximately $491,939,000. Ronna Sue Cohen lifted its position in United Parcel Service by 10,745.2% during the first quarter. Ronna Sue Cohen now owns 2,945,780 shares of the transportation company’s stock worth $2,946,000 after buying an additional 2,918,618 shares in the last quarter. Boston Partners lifted its position in United Parcel Service by 3,240.0% during the fourth quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock worth $184,460,000 after buying an additional 1,834,692 shares in the last quarter. Finally, BlackRock Inc. lifted its position in United Parcel Service by 3.6% during the fourth quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock worth $4,290,253,000 after buying an additional 1,534,331 shares in the last quarter. Institutional investors own 55.58% of the company’s stock.
A number of brokerages recently commented on UPS. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective on the stock in a research report on Thursday, May 23rd. Berenberg Bank restated a “hold” rating and issued a $125.00 target price on shares of United Parcel Service in a research report on Monday, March 25th. Credit Suisse Group restated a “neutral” rating and issued a $114.00 target price on shares of United Parcel Service in a research report on Wednesday, March 6th. Standpoint Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Argus restated a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $120.58.
Shares of UPS stock traded up $0.70 on Wednesday, hitting $94.77. The stock had a trading volume of 3,044,386 shares, compared to its average volume of 3,242,973. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The company has a market capitalization of $82.50 billion, a PE ratio of 13.09, a P/E/G ratio of 1.48 and a beta of 1.16. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 5.85.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts predict that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be given a dividend of $0.96 per share. The ex-dividend date is Friday, May 17th. This represents a $3.84 annualized dividend and a dividend yield of 4.05%. United Parcel Service’s dividend payout ratio is currently 53.04%.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.17% of the company’s stock.
United Parcel Service 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.
Further Reading: What is the Producer Price Index (PPI)?
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.