3Chopt Investment Partners LLC Purchases Shares of 2,483 United Parcel Service, Inc. (NYSE:UPS)

3Chopt Investment Partners LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,483 shares of the transportation company's stock, valued at approximately $273,000.

A number of other hedge funds also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UPS shares. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. UBS Group cut their target price on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays cut their target price on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. BMO Capital Markets cut their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 0.6%

Shares of UPS stock opened at $101.22 on Friday. The business's 50 day moving average is $98.18 and its two-hundred day moving average is $110.57. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a market capitalization of $85.71 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the business posted $1.43 EPS. The company's revenue was down .9% on a year-over-year basis. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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