Lake Street Financial LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 12.9% in the first quarter, HoldingsChannel.com reports. The firm owned 3,029 shares of the transportation company’s stock after purchasing an additional 345 shares during the period. Lake Street Financial LLC’s holdings in United Parcel Service were worth $650,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of UPS. Rational Advisors LLC boosted its holdings in shares of United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after purchasing an additional 67 shares during the period. DB Fitzpatrick & Co Inc purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Curi Wealth Management LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Cyrus J. Lawrence LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $30,000. Finally, Crewe Advisors LLC purchased a new stake in shares of United Parcel Service during the first quarter worth about $31,000. 57.85% of the stock is currently owned by hedge funds and other institutional investors.
United Parcel Service Trading Up 1.2 %
Shares of United Parcel Service stock opened at $196.76 on Friday. The company’s fifty day simple moving average is $182.86 and its 200-day simple moving average is $194.22. The stock has a market capitalization of $171.92 billion, a PE ratio of 15.80, a P/E/G ratio of 1.71 and a beta of 1.08. United Parcel Service, Inc. has a 1-year low of $165.34 and a 1-year high of $233.72. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.47 and a quick ratio of 1.52.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $1.52 per share. This represents a $6.08 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, August 12th. United Parcel Service’s dividend payout ratio is presently 48.84%.
Insider Transactions at United Parcel Service
In related news, CMO Kevin M. Warren sold 23,366 shares of United Parcel Service stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $193.31, for a total transaction of $4,516,881.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on UPS. Berenberg Bank set a $200.00 price objective on shares of United Parcel Service in a report on Wednesday, July 27th. JPMorgan Chase & Co. set a $199.00 price objective on shares of United Parcel Service in a report on Wednesday, July 27th. Barclays lowered their price objective on shares of United Parcel Service from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, July 27th. Citigroup lowered their price objective on shares of United Parcel Service from $240.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, BMO Capital Markets lowered their price objective on shares of United Parcel Service from $225.00 to $200.00 and set a “market perform” rating for the company in a report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $215.82.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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