Cohen Investment Advisors LLC raised its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 789.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,970 shares of the transportation company's stock after buying an additional 149,979 shares during the period. United Parcel Service comprises about 0.5% of Cohen Investment Advisors LLC's holdings, making the stock its 28th largest position. Cohen Investment Advisors LLC's holdings in United Parcel Service were worth $18,585,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Price Performance
Shares of UPS stock traded up $0.62 during midday trading on Friday, reaching $101.22. 5,867,283 shares of the company traded hands, compared to its average volume of 5,188,592. The firm's 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $110.57. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $85.71 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22.
United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. 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 is currently 95.63%.
Analyst Upgrades and Downgrades
UPS has been the topic of several research reports. Loop Capital dropped their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Susquehanna dropped their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $120.26.
View Our Latest Research Report on UPS
About United Parcel Service
(
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.
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