ARS Wealth Advisors Group LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,693 shares of the transportation company's stock after purchasing an additional 2,959 shares during the quarter. ARS Wealth Advisors Group LLC's holdings in United Parcel Service were worth $4,256,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service in the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service in the 4th quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on UPS shares. Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Oppenheimer cut their price target on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial cut their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Galvan Research cut their price target on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $120.26.
Read Our Latest Report on UPS
United Parcel Service Stock Performance
UPS opened at $98.24 on Friday. The stock has a market cap of $83.19 billion, a PE ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The stock's 50 day simple moving average is $97.32 and its 200-day simple moving average is $113.86.
United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the previous year, the business posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.
United Parcel Service Company Profile
(
Free Report)
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.
Further Reading
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