7,986 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Friedenthal Financial

Friedenthal Financial bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,986 shares of the transportation company's stock, valued at approximately $878,000.

Several other large investors have also made changes to their positions in the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of UPS opened at $99.12 on Thursday. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock's 50 day moving average is $97.67 and its two-hundred day moving average is $112.10. The firm has a market capitalization of $83.93 billion, a PE ratio of 14.45, a P/E/G ratio of 1.75 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 posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the company earned $1.43 EPS. United Parcel Service's revenue was down .9% on a year-over-year basis. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.62%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Loop Capital dropped their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Citigroup decreased their price target on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Company 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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