MQS Management LLC Invests $512,000 in United Parcel Service, Inc. (NYSE:UPS)

MQS Management LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,656 shares of the transportation company's stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service during the 4th quarter worth $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the fourth quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter worth about $27,000. Citizens National Bank Trust Department boosted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after acquiring an additional 210 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $28,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

Shares of UPS opened at $101.29 on Monday. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $85.77 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The stock has a 50-day moving average price of $99.42 and a 200-day moving average price of $108.81.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast 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 announced 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 of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

Several research firms recently commented on UPS. Wolfe Research dropped their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Citigroup boosted their target price on United Parcel Service from $122.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Stifel Nicolaus dropped their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Oppenheimer decreased their price objective on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Galvan Research dropped their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average target price of $119.13.

About United Parcel Service

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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