Payden & Rygel Acquires 1,300 Shares of United Parcel Service, Inc. (NYSE:UPS)

Payden & Rygel raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPSGet Rating) by 18.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,500 shares of the transportation company’s stock after acquiring an additional 1,300 shares during the period. Payden & Rygel’s holdings in United Parcel Service were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rational Advisors LLC raised its position in shares of United Parcel Service by 126.4% during the 4th quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter. DB Fitzpatrick & Co Inc bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Curi Wealth Management LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Steward Financial Group LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at $32,000. Finally, Bivin & Associates Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at $32,000. Institutional investors own 57.85% of the company’s stock.

A number of analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $239.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Loop Capital upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and lowered their price objective for the company from $232.00 to $189.00 in a research report on Thursday, April 14th. Credit Suisse Group lowered their price objective on shares of United Parcel Service from $263.00 to $226.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. Barclays set a $220.00 price objective on shares of United Parcel Service in a research report on Monday, June 6th. Finally, Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $223.69.

Shares of United Parcel Service stock traded up $1.86 during trading hours on Thursday, reaching $178.01. 7,063 shares of the company’s stock were exchanged, compared to its average volume of 3,393,891. United Parcel Service, Inc. has a fifty-two week low of $165.34 and a fifty-two week high of $233.72. The stock has a market cap of $155.54 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.52 and a beta of 1.16. The company has a 50 day moving average of $180.16 and a two-hundred day moving average of $199.62. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.28.

United Parcel Service (NYSE:UPSGet Rating) last issued its earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.18. United Parcel Service had a net margin of 10.90% and a return on equity of 82.94%. The business had revenue of $24.40 billion during the quarter, compared to the consensus estimate of $23.80 billion. During the same period last year, the business posted $2.77 EPS. United Parcel Service’s revenue was up 6.5% on a year-over-year basis. As a group, analysts expect that United Parcel Service, Inc. will post 12.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 16th were paid a $1.52 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $6.08 annualized dividend and a yield of 3.42%. United Parcel Service’s dividend payout ratio (DPR) is currently 49.63%.

United Parcel Service Profile (Get Rating)

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

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