Personal Capital Advisors Corp lessened its holdings in United Parcel Service (NYSE:UPS) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,188 shares of the transportation company’s stock after selling 8,732 shares during the quarter. Personal Capital Advisors Corp’s holdings in United Parcel Service were worth $29,220,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc bought a new position in United Parcel Service during the 4th quarter worth approximately $106,000. Massey Quick Simon & CO. LLC boosted its stake in 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 last quarter. Wagner Wealth Management LLC bought a new position in United Parcel Service during the 4th quarter worth approximately $115,000. Silvant Capital Management LLC bought a new position in United Parcel Service during the 1st quarter worth approximately $122,000. Finally, Resources Investment Advisors Inc. boosted its stake in 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 last quarter. 53.60% of the stock is currently owned by institutional investors.
Get United Parcel Service alerts:Shares of UPS stock opened at $115.49 on Friday. 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 cap 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 has a 52 week low of $101.45 and a 52 week high of $135.53.
United Parcel Service (NYSE:UPS) last announced 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. The firm 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%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. analysts forecast that United Parcel Service will post 7.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.15%. United Parcel Service’s dividend payout ratio (DPR) is presently 60.57%.
In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.
Several research firms recently weighed in on UPS. Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $127.00 to $121.00 in a research note on Tuesday, March 6th. Morgan Stanley lifted their price objective on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a research note on Friday, February 2nd. Stephens reissued a “hold” rating and set a $126.00 price objective on shares of United Parcel Service in a research note on Monday, April 9th. Knight Equity lowered shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $115.00 in a research note on Thursday, February 22nd. Finally, Edward Jones raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Two investment 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 stock has a consensus rating of “Hold” and a consensus target price of $124.26.
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.
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