HF Advisory Group LLC Raises Stake in United Parcel Service, Inc. (NYSE:UPS)

HF Advisory Group LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,236 shares of the transportation company's stock after purchasing an additional 2,886 shares during the period. HF Advisory Group LLC's holdings in United Parcel Service were worth $1,456,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in United Parcel Service in the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Truist Financial dropped their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Raymond James lowered their target price on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus dropped their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $120.26.

United Parcel Service Trading Up 1.4%

United Parcel Service stock traded up $1.37 during midday trading on Friday, hitting $98.24. 3,041,147 shares of the stock were exchanged, compared to its average volume of 5,145,787. The stock's 50-day simple moving average is $97.54 and its 200 day simple moving average is $114.23. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The business's quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.68%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.