Dynamic Advisor Solutions LLC Takes $2.37 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Dynamic Advisor Solutions LLC bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,543 shares of the transportation company's stock, valued at approximately $2,370,000.

Other institutional investors also recently made changes to their positions in the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $30,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.1%

Shares of NYSE UPS opened at $101.07 on Tuesday. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.22. The business has a 50 day simple moving average of $97.68 and a 200 day simple moving average of $112.27. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 EPS. On average, research 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. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.49%. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Analysts Set New Price Targets

Several equities research analysts have commented on UPS shares. BMO Capital Markets dropped their price target on shares of 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. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a research report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target on the stock. Bank of America boosted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $120.26.

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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