Laurel Wealth Advisors Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,779 shares of the transportation company’s stock after buying an additional 1,953 shares during the period. United Parcel Service makes up about 0.7% of Laurel Wealth Advisors Inc.’s holdings, making the stock its 28th biggest holding. Laurel Wealth Advisors Inc.’s holdings in United Parcel Service were worth $2,992,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in UPS. Larson Financial Group LLC purchased a new stake in United Parcel Service during the 4th quarter worth $29,000. CX Institutional purchased a new stake in United Parcel Service during the 1st quarter worth $29,000. RPG Investment Advisory LLC boosted its position in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares during the period. Somerset Trust Co boosted its position in United Parcel Service by 161.0% during the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after purchasing an additional 169 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in United Parcel Service during the 1st quarter worth $32,000. 55.48% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on UPS shares. Argus reissued a “buy” rating on shares of United Parcel Service in a research report on Tuesday, April 30th. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $125.00 to $130.00 in a research report on Monday, April 1st. UBS Group decreased their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research report on Thursday, May 30th. Finally, Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective for the company in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $119.05.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by company insiders.
Shares of UPS opened at $101.60 on Monday. The company has a market cap of $87.47 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.19. United Parcel Service, Inc. has a 12-month low of $89.89 and a 12-month 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 earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion for 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 firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. On average, equities analysts expect that United Parcel Service, Inc. will post 7.46 EPS for the current 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 dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, May 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 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.
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