Modus Advisors LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.7% in the first quarter, HoldingsChannel reports. The firm owned 9,693 shares of the transportation company’s stock after purchasing an additional 779 shares during the quarter. Modus Advisors LLC’s holdings in United Parcel Service were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC boosted its position in United Parcel Service by 12.9% during the fourth quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock worth $3,323,935,000 after purchasing an additional 2,260,739 shares during the period. Northern Trust Corp boosted its position in United Parcel Service by 1.4% during the fourth quarter. Northern Trust Corp now owns 8,914,112 shares of the transportation company’s stock worth $1,501,137,000 after purchasing an additional 119,971 shares during the period. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,005,094 shares of the transportation company’s stock worth $1,179,659,000 after purchasing an additional 733,987 shares during the period. Norges Bank bought a new position in United Parcel Service during the fourth quarter worth $1,094,024,000. Finally, Janus Henderson Group PLC boosted its position in United Parcel Service by 15.7% during the fourth quarter. Janus Henderson Group PLC now owns 5,568,083 shares of the transportation company’s stock worth $937,646,000 after purchasing an additional 755,716 shares during the period. 55.68% of the stock is owned by hedge funds and other institutional investors.
UPS stock traded up $0.80 during trading on Thursday, hitting $172.75. The company had a trading volume of 22,092 shares, compared to its average volume of 3,635,291. The business has a 50-day moving average of $163.69 and a 200-day moving average of $165.48. United Parcel Service, Inc. has a one year low of $88.85 and a one year high of $178.01. The stock has a market cap of $149.78 billion, a PE ratio of 32.69, a PEG ratio of 2.47 and a beta of 0.98. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.16.
United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.52. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The business had revenue of $24.90 billion for the quarter, compared to analysts’ expectations of $22.85 billion. During the same period in the prior year, the business posted $2.11 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. Research analysts forecast that United Parcel Service, Inc. will post 7.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Monday, February 22nd were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, February 19th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 2.36%. United Parcel Service’s dividend payout ratio is presently 54.18%.
In other United Parcel Service news, insider Laura J. Lane sold 2,375 shares of the stock in a transaction that occurred on Friday, February 26th. The stock was sold at an average price of $157.93, for a total transaction of $375,083.75. Also, insider Norman M. Brothers, Jr. sold 13,337 shares of the stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total value of $2,129,118.68. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
A number of equities analysts have commented on UPS shares. Barclays lifted their price objective on shares of United Parcel Service from $145.00 to $155.00 and gave the stock an “underweight” rating in a research report on Monday, January 11th. Deutsche Bank Aktiengesellschaft dropped their target price on United Parcel Service from $201.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, February 4th. Morgan Stanley lifted their target price on United Parcel Service from $74.00 to $80.00 and gave the stock an “underweight” rating in a report on Wednesday, February 3rd. Vertical Research began coverage on United Parcel Service in a report on Thursday, April 1st. They set a “buy” rating and a $195.00 target price for the company. Finally, Sanford C. Bernstein set a $200.00 price target on United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, February 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $160.13.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, 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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