United Parcel Service, Inc. (NYSE:UPS) Holdings Lifted by OLD Republic International Corp

OLD Republic International Corp lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 411,400 shares of the transportation company's stock after buying an additional 45,800 shares during the quarter. United Parcel Service accounts for approximately 1.8% of OLD Republic International Corp's holdings, making the stock its 25th largest holding. OLD Republic International Corp's holdings in United Parcel Service were worth $45,250,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UPS. Norges Bank acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $1,075,393,000. Franklin Resources Inc. grew its stake in 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 valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 worth $815,102,000 after acquiring an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after acquiring an additional 853,388 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of UPS traded up $1.53 during midday trading on Tuesday, reaching $102.38. The stock had a trading volume of 6,510,769 shares, compared to its average volume of 5,243,001. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $86.70 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.01 and a beta of 1.21. The firm's 50 day moving average price is $98.91 and its 200-day moving average price is $109.48. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UPS. Citigroup decreased their target price on United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price objective for the company in a research note on Thursday, July 3rd. Stifel Nicolaus cut their price objective on shares of 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. HSBC downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Finally, Susquehanna cut their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $118.96.

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.