IFP Advisors Inc grew its holdings in shares of United Parcel Service (NYSE:UPS) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,398 shares of the transportation company’s stock after purchasing an additional 801 shares during the quarter. IFP Advisors Inc’s holdings in United Parcel Service were worth $1,612,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Focused Wealth Management Inc bought a new position in shares of United Parcel Service during the 4th quarter worth $106,000. Massey Quick Simon & CO. LLC grew its stake in shares of United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after acquiring an additional 1,000 shares during the period. Wagner Wealth Management LLC bought a new position in shares of United Parcel Service during the 4th quarter worth $115,000. Silvant Capital Management LLC bought a new position in shares of United Parcel Service during the 1st quarter worth $122,000. Finally, Resources Investment Advisors Inc. grew its stake in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after acquiring an additional 418 shares during the period. 53.60% of the stock is owned by hedge funds and other institutional investors.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total value of $170,130.00. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Several research analysts have recently weighed in on UPS shares. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Deutsche Bank downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $115.00 price target for the company. in a research note on Thursday, February 22nd. Loop Capital increased their price target on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Finally, BMO Capital Markets cut their price target on United Parcel Service to $121.00 and set a “market perform” rating for the company in a research note on Friday, April 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $124.26.
Shares of NYSE UPS opened at $115.49 on Friday. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 14.84. The stock has a market capitalization of $99.64 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.02.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The business had revenue of $17.11 billion during the quarter, compared to the consensus estimate of $16.49 billion. During the same quarter last year, the company earned $1.32 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. equities analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be issued a $0.91 dividend. The ex-dividend date is Friday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 3.15%. United Parcel Service’s payout ratio is currently 60.57%.
United Parcel Service 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.
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