4,010 Shares in United Parcel Service, Inc. (NYSE:UPS) Bought by J Hagan Capital Inc.

J Hagan Capital Inc. acquired a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,010 shares of the transportation company's stock, valued at approximately $441,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altus Wealth Group LLC lifted its holdings in shares of United Parcel Service by 4.6% during the fourth quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after buying an additional 89 shares during the last quarter. Colonial Trust Co SC increased its position in United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock worth $911,000 after acquiring an additional 98 shares during the period. Juncture Wealth Strategies LLC increased its position in United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock worth $454,000 after acquiring an additional 101 shares during the period. TCV Trust & Wealth Management Inc. raised its stake in United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock valued at $830,000 after purchasing an additional 103 shares during the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after purchasing an additional 104 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $3.19 during trading on Monday, reaching $100.94. The company had a trading volume of 5,297,394 shares, compared to its average volume of 5,228,046. 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 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50 day moving average price is $98.83 and its 200-day moving average price is $109.66. The stock has a market cap of $85.48 billion, a PE ratio of 14.71, a PEG ratio of 2.01 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its 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. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business's revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. United Parcel Service's dividend payout ratio is presently 95.63%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UPS shares. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective on the stock in a report on Thursday. UBS Group lowered their price target on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Susquehanna reduced their price objective on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Raymond James Financial cut their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays decreased their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Two equities 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's stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus price target of $119.29.

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.