US Bancorp DE boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,694 shares of the transportation company’s stock after purchasing an additional 1,351 shares during the quarter. US Bancorp DE’s holdings in United Parcel Service were worth $44,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of UPS. Exeter Financial LLC increased its position in shares of United Parcel Service by 11.0% in the first quarter. Exeter Financial LLC now owns 16,536 shares of the transportation company’s stock valued at $1,848,000 after buying an additional 1,644 shares in the last quarter. Country Club Trust Company n.a. increased its position in shares of United Parcel Service by 21.8% in the fourth quarter. Country Club Trust Company n.a. now owns 62,023 shares of the transportation company’s stock valued at $6,050,000 after buying an additional 11,106 shares in the last quarter. Tredje AP fonden boosted its stake in shares of United Parcel Service by 2.3% in the fourth quarter. Tredje AP fonden now owns 55,837 shares of the transportation company’s stock worth $5,446,000 after acquiring an additional 1,243 shares during the last quarter. Conning Inc. boosted its stake in shares of United Parcel Service by 5.1% in the fourth quarter. Conning Inc. now owns 392,009 shares of the transportation company’s stock worth $38,233,000 after acquiring an additional 18,898 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its stake in shares of United Parcel Service by 3.7% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 42,697 shares of the transportation company’s stock worth $4,165,000 after acquiring an additional 1,504 shares during the last quarter. 55.48% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on UPS. Cowen reaffirmed a “market perform” rating and issued a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research note on Friday, April 26th. Raymond James lowered their price objective on United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 26th. Berenberg Bank reissued a “hold” rating and set a $125.00 price objective on shares of United Parcel Service in a research note on Monday, March 25th. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price on the stock in a research report on Thursday, May 23rd. Finally, Argus restated a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $119.05.
NYSE UPS traded up $2.84 during trading hours on Wednesday, hitting $99.97. 4,623,900 shares of the company were exchanged, compared to its average volume of 3,260,979. The company’s 50 day simple moving average is $98.91. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. United Parcel Service, Inc. has a 52-week low of $89.89 and a 52-week high of $125.09. The firm has a market capitalization of $84.76 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). The company had revenue of $17.16 billion for the quarter, compared to analysts’ expectations of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. United Parcel Service’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were given a $0.96 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.84%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In related 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 value of $159,045.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is owned by corporate insiders.
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.
Recommended Story: Yield Curve
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.