Van Hulzen Asset Management LLC increased its holdings in shares of United Parcel Service (NYSE:UPS) by 165.1% in the 1st quarter, Holdings Channel reports. The firm owned 11,863 shares of the transportation company’s stock after acquiring an additional 7,388 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in United Parcel Service were worth $1,242,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of UPS. Boston Partners acquired a new position in United Parcel Service in the 1st quarter valued at approximately $75,929,000. American Century Companies Inc. raised its holdings in United Parcel Service by 54.3% in the 1st quarter. American Century Companies Inc. now owns 1,962,565 shares of the transportation company’s stock valued at $205,402,000 after acquiring an additional 690,451 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in United Parcel Service by 18.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock valued at $438,331,000 after acquiring an additional 652,699 shares in the last quarter. Renaissance Technologies LLC acquired a new position in United Parcel Service in the 4th quarter valued at approximately $76,351,000. Finally, Bank of New York Mellon Corp raised its holdings in United Parcel Service by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock valued at $725,311,000 after acquiring an additional 577,544 shares in the last quarter. 54.27% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday. BMO Capital Markets cut their price target on United Parcel Service to $121.00 and set a “market perform” rating for the company in a report on Friday, April 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $120.00 price target on shares of United Parcel Service in a report on Tuesday, April 10th. Stephens reaffirmed a “hold” rating and issued a $126.00 price target on shares of United Parcel Service in a report on Monday, April 9th. Finally, Loop Capital upped their price target on United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. United Parcel Service has a consensus rating of “Hold” and an average price target of $124.26.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.
UPS stock opened at $116.59 on Friday. United Parcel Service has a 1-year low of $115.53 and a 1-year high of $116.38. The company has a market capitalization of $100.23 billion, a PE ratio of 19.40, a P/E/G ratio of 1.74 and a beta of 1.02. 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 (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. United Parcel Service’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS. analysts forecast that United Parcel Service will post 7.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service (NYSE:UPS).
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.