Dean Investment Associates LLC boosted its position in shares of United Parcel Service (NYSE:UPS) by 89.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,740 shares of the transportation company’s stock after purchasing an additional 10,768 shares during the period. Dean Investment Associates LLC’s holdings in United Parcel Service were worth $2,380,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new position in shares of United Parcel Service in the 4th quarter valued at about $106,000. Massey Quick Simon & CO. LLC grew its holdings in shares of United Parcel Service by 2,857.1% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 1,000 shares in the last quarter. Wagner Wealth Management LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at about $115,000. Silvant Capital Management LLC bought a new position in shares of United Parcel Service in the 1st quarter valued at about $122,000. Finally, Resources Investment Advisors Inc. grew its holdings in shares of United Parcel Service by 51.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.
Shares of NYSE:UPS opened at $115.28 on Thursday. United Parcel Service has a 52-week low of $101.45 and a 52-week high of $135.53. The stock has a market capitalization of $100.89 billion, a P/E ratio of 19.18, a PEG ratio of 1.75 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 (NYSE:UPS) last issued its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $17.11 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same period last year, the business posted $1.32 EPS. United Parcel Service’s revenue was up 10.3% on a year-over-year basis. sell-side analysts expect that United Parcel Service will post 7.23 EPS for the current year.
The business also recently disclosed 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 of this dividend is Friday, May 18th. This represents a $3.64 annualized dividend and a yield of 3.16%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
Several equities analysts have recently weighed in on UPS shares. Stephens restated a “hold” rating and issued a $126.00 price objective on shares of United Parcel Service in a report on Monday, April 9th. Morgan Stanley raised their price objective on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, February 2nd. Deutsche Bank cut United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price objective for the company. in a report on Thursday, February 22nd. Edward Jones upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, Loop Capital upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.61 to $128.00 in a report on Monday, February 26th. 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. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $124.26.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 0.56% 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.
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