Nations Financial Group Inc. IA ADV increased its position in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,765 shares of the transportation company’s stock after acquiring an additional 325 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in United Parcel Service were worth $756,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. Larson Financial Group LLC bought a new position in United Parcel Service in the 4th quarter worth $29,000. CX Institutional bought a new position in United Parcel Service in the 1st quarter worth $29,000. RPG Investment Advisory LLC raised its holdings in United Parcel Service by 277.1% in the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after acquiring an additional 194 shares during the period. Somerset Trust Co raised its holdings in United Parcel Service by 161.0% in the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after acquiring an additional 169 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new position in United Parcel Service in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.
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 shares were sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.
UPS has been the topic of several recent analyst reports. Argus reiterated a “buy” rating on shares of United Parcel Service in a report on Tuesday, April 30th. Berenberg Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their target price for the stock from $125.00 to $130.00 in a report on Monday, April 1st. UBS Group dropped their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a report on Thursday, May 30th. Finally, Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective on the stock in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $119.05.
NYSE UPS opened at $102.02 on Friday. The stock has a market capitalization of $86.42 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. United Parcel Service, Inc. has a twelve month low of $89.89 and a twelve month high of $125.09. 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 posted its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.46 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, May 20th were paid a $0.96 dividend. The ex-dividend date was Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.76%. United Parcel Service’s payout ratio is currently 53.04%.
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About United Parcel Service
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: Momentum Indicators
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