Csenge Advisory Group Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Csenge Advisory Group lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 62.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,825 shares of the transportation company's stock after buying an additional 3,776 shares during the period. Csenge Advisory Group's holdings in United Parcel Service were worth $1,081,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UPS. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. Proficio Capital Partners LLC bought a new stake in United Parcel Service during the fourth quarter worth $219,000. Millstone Evans Group LLC bought a new stake in United Parcel Service during the fourth quarter worth $39,000. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter worth $30,000. Finally, Plancorp LLC lifted its holdings in United Parcel Service by 21.3% during the fourth quarter. Plancorp LLC now owns 2,387 shares of the transportation company's stock worth $301,000 after acquiring an additional 419 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS opened at $99.21 on Monday. The stock has a 50-day moving average price of $99.85 and a 200-day moving average price of $107.91. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $146.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $84.01 billion, a P/E ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share 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 company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the company posted $1.43 EPS. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. Equities analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America lifted their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Oppenheimer lowered their target price on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus lowered their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note 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 note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $119.13.

About United Parcel Service

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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