Harmony Asset Management LLC Has $1.27 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Harmony Asset Management LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 169.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,499 shares of the transportation company's stock after buying an additional 7,231 shares during the quarter. Harmony Asset Management LLC's holdings in United Parcel Service were worth $1,265,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UPS. Norges Bank acquired a new position in United Parcel Service during the 4th quarter worth $1,075,393,000. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at $145,846,000. Price T Rowe Associates Inc. MD lifted its stake in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after purchasing an additional 1,064,293 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after purchasing an additional 853,388 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UPS shares. BMO Capital Markets cut their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial cut their price target on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Loop Capital lowered their price objective on shares of 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. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $101.29 on Friday. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.98 and a beta of 1.21. The business has a 50-day moving average of $99.42 and a 200-day moving average of $109.05. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The company 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 40.15% and a net margin of 6.44%. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

United Parcel Service 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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