HB Wealth Management LLC Purchases 3,969 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• HB Wealth Management LLC increased its holdings in United Parcel Service, Inc. by 10.1% in Q1, owning 43,075 shares valued at approximately $4.74 million.
• Several institutional investors also raised their positions in UPS, with Phoenix Financial Ltd. increasing its stake by 192.4% during the same quarter.
• United Parcel Service reported $1.49 earnings per share for the quarter, exceeding consensus estimates, while also announcing a quarterly dividend of $1.64 per share.

HB Wealth Management LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,075 shares of the transportation company's stock after acquiring an additional 3,969 shares during the period. HB Wealth Management LLC's holdings in United Parcel Service were worth $4,738,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after buying an additional 414,710 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after buying an additional 1,484,452 shares during the last quarter. FMR LLC increased its holdings in shares of United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after buying an additional 268,278 shares during the last quarter. Northern Trust Corp increased its holdings in United Parcel Service by 9.6% in the 4th quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock valued at $932,081,000 after purchasing an additional 648,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in 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 in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on UPS shares. Daiwa America lowered their price target on United Parcel Service from $120.00 to $103.00 in a report on Wednesday, April 30th. Galvan Research lowered their price target on United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a report on Monday, June 30th. UBS Group decreased their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Vertical Research reissued a "hold" rating and issued a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $113.38.

United Parcel Service Trading Down 0.6%

United Parcel Service stock traded down $0.53 during midday trading on Thursday, reaching $86.65. The stock had a trading volume of 7,128,456 shares, compared to its average volume of 6,169,250. The firm's fifty day simple moving average is $99.75 and its two-hundred day simple moving average is $106.69. United Parcel Service, Inc. has a twelve month low of $85.76 and a twelve month high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.75 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company's quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $1.79 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.57%. United Parcel Service's dividend payout ratio is currently 97.62%.

United Parcel Service Company 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.