3,216 Shares in United Parcel Service, Inc. (NYSE:UPS) Acquired by JBGlobal.com LLC

JBGlobal.com LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,216 shares of the transportation company's stock, valued at approximately $354,000. United Parcel Service makes up 0.4% of JBGlobal.com LLC's portfolio, making the stock its 23rd largest holding.

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

United Parcel Service Trading Up 0.5%

NYSE UPS traded up $0.49 during trading on Wednesday, hitting $98.57. The stock had a trading volume of 3,930,944 shares, compared to its average volume of 5,143,216. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock has a 50 day simple moving average of $98.03 and a 200 day simple moving average of $114.61. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The stock has a market capitalization of $83.47 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UPS shares. Wolfe Research decreased their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Truist Financial lowered their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $120.26.

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.