Richard C. Young & CO. LTD. boosted its position in United Parcel Service (NYSE:UPS) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,023 shares of the transportation company’s stock after purchasing an additional 603 shares during the quarter. United Parcel Service comprises 2.2% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 15th biggest position. Richard C. Young & CO. LTD.’s holdings in United Parcel Service were worth $11,201,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Cambria Investment Management L.P. bought a new position in shares of United Parcel Service in the 3rd quarter worth $629,000. Valeo Financial Advisors LLC bought a new position in shares of United Parcel Service in the 3rd quarter worth $2,266,000. Virtu Financial LLC bought a new position in shares of United Parcel Service in the 3rd quarter worth $394,000. California Public Employees Retirement System increased its holdings in shares of United Parcel Service by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 1,635,996 shares of the transportation company’s stock worth $196,467,000 after buying an additional 60,570 shares during the last quarter. Finally, Piedmont Investment Advisors LLC increased its holdings in shares of United Parcel Service by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 148,899 shares of the transportation company’s stock worth $17,881,000 after buying an additional 1,371 shares during the last quarter. Institutional investors and hedge funds own 54.27% of the company’s stock.
A number of equities analysts have recently commented on UPS shares. Loop Capital increased their price target 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. Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and reduced their target price for the company from $127.00 to $121.00 in a report on Tuesday, March 6th. 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, Knight Equity lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their target price for the company from $135.00 to $115.00 in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of “Hold” and an average price target of $124.26.
Shares of UPS opened at $115.38 on Friday. The firm has a market cap of $100.46 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.74 and a beta of 1.02. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service has a twelve month low of $101.45 and a twelve month high of $135.53.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The business had revenue of $17.11 billion during the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 EPS. equities research analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date is Friday, May 18th. This represents a $3.64 annualized dividend and a yield of 3.15%. United Parcel Service’s payout ratio is currently 60.57%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
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.
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