Cleararc Capital Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,658 shares of the transportation company’s stock after selling 272 shares during the quarter. Cleararc Capital Inc.’s holdings in United Parcel Service were worth $1,303,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC bought a new stake in United Parcel Service during the fourth quarter worth $29,000. CX Institutional bought a new stake in United Parcel Service during the first quarter worth $29,000. RPG Investment Advisory LLC raised its position in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after acquiring an additional 194 shares in the last quarter. Somerset Trust Co raised its position in United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after acquiring an additional 169 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new stake in United Parcel Service during the first quarter worth $32,000. Institutional investors and hedge funds own 55.54% of the company’s stock.
Shares of UPS opened at $101.62 on Monday. The stock has a market capitalization of $87.47 billion, a PE ratio of 14.04, a P/E/G ratio of 1.57 and a beta of 1.19. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. 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 (NYSE:UPS) last issued its quarterly earnings data 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 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%. United Parcel Service’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 earnings per share. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, May 17th. United Parcel Service’s payout ratio is presently 53.04%.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.
Several analysts have issued reports on the stock. Cowen reaffirmed a “market perform” rating and set a $116.00 price target (down from $118.00) on shares of United Parcel Service in a research report on Friday, April 26th. Raymond James dropped their price target on shares of United Parcel Service from $135.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 26th. Berenberg Bank reaffirmed a “hold” rating and set a $125.00 price target on shares of United Parcel Service in a research report on Monday, March 25th. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target on the stock in a research report on Thursday, May 23rd. Finally, Argus reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $119.05.
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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.
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