Exencial Wealth Advisors LLC Grows Stake in United Parcel Service (UPS)

Exencial Wealth Advisors LLC grew its stake in shares of United Parcel Service (NYSE:UPS) by 3.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,082 shares of the transportation company’s stock after acquiring an additional 1,346 shares during the period. United Parcel Service comprises 1.4% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position. Exencial Wealth Advisors LLC’s holdings in United Parcel Service were worth $4,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in UPS. Boston Partners bought a new position in shares of United Parcel Service during the 1st quarter valued at approximately $75,929,000. American Century Companies Inc. grew its position in shares of United Parcel Service by 54.3% during the 1st quarter. American Century Companies Inc. now owns 1,962,565 shares of the transportation company’s stock valued at $205,402,000 after acquiring an additional 690,451 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of United Parcel Service by 18.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 4,188,137 shares of the transportation company’s stock valued at $438,331,000 after acquiring an additional 652,699 shares during the period. Renaissance Technologies LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $76,351,000. Finally, Bank of New York Mellon Corp grew its position in shares of United Parcel Service by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock valued at $725,311,000 after acquiring an additional 577,544 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on UPS. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research report on Monday, May 14th. BMO Capital Markets reduced their target price on shares of United Parcel Service to $121.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. Robert W. Baird restated a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Tuesday, April 10th. Stephens restated a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a research note on Monday, April 9th. Finally, Loop Capital upped their price target on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $124.26.

In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total value of $170,130.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was 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. Corporate insiders own 0.56% of the company’s stock.

United Parcel Service opened at $115.36 on Wednesday, according to Marketbeat. United Parcel Service has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $100.89 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.75 and a beta of 1.02.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The business had revenue of $17.11 billion for the quarter, compared to analysts’ expectations of $16.49 billion. During the same period in the prior year, the company posted $1.32 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. research analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s dividend payout ratio is presently 60.57%.

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.

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

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply