United Parcel Service (UPS) Position Boosted by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its position in United Parcel Service (NYSE:UPS) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 120,131 shares of the transportation company’s stock after purchasing an additional 9,634 shares during the period. Waters Parkerson & CO. LLC’s holdings in United Parcel Service were worth $12,573,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sawyer & Company Inc acquired a new position in United Parcel Service in the 4th quarter worth approximately $2,779,000. Palo Capital Inc. boosted its stake in United Parcel Service by 8.7% in the 4th quarter. Palo Capital Inc. now owns 30,452 shares of the transportation company’s stock worth $3,628,000 after purchasing an additional 2,434 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in United Parcel Service by 188.1% in the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 72,946 shares of the transportation company’s stock worth $8,735,000 after purchasing an additional 47,629 shares during the period. Gould Asset Management LLC CA boosted its stake in United Parcel Service by 27.8% in the 4th quarter. Gould Asset Management LLC CA now owns 2,300 shares of the transportation company’s stock worth $274,000 after purchasing an additional 500 shares during the period. Finally, Westpac Banking Corp boosted its stake in United Parcel Service by 0.4% in the 4th quarter. Westpac Banking Corp now owns 200,318 shares of the transportation company’s stock worth $23,868,000 after purchasing an additional 823 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

UPS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price objective for the company in a research note on Thursday, February 1st. BMO Capital Markets lifted their target price on shares of United Parcel Service to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Deutsche Bank lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $124.26.

In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

United Parcel Service stock opened at $115.80 on Tuesday. The firm has a market cap of $99.42 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 14.84. United Parcel Service has a 1-year low of $101.45 and a 1-year high of $135.53.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. United Parcel Service’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. research analysts expect that United Parcel Service will post 7.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.14%. United Parcel Service’s dividend payout ratio is currently 60.57%.

United Parcel Service Company Profile

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.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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