Oppenheimer & Co. Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,263 shares of the transportation company's stock after purchasing an additional 5,097 shares during the period. Oppenheimer & Co. Inc.'s holdings in United Parcel Service were worth $6,848,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter valued at approximately $30,000. 60.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. 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 note on Wednesday, April 30th. HSBC lowered 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. BMO Capital Markets dropped their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. 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 research report on Wednesday, April 9th. Finally, Wolfe Research lowered their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $120.26.
Get Our Latest Stock Analysis on UPS
United Parcel Service Price Performance
Shares of NYSE UPS traded down $1.12 during mid-day trading on Wednesday, reaching $99.50. The company had a trading volume of 6,056,318 shares, compared to its average volume of 5,193,497. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.77 and a beta of 1.22. The business's 50-day simple moving average is $98.00 and its 200 day simple moving average is $111.09.
United Parcel Service (NYSE:UPS - Get Free Report) last released 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 firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the firm earned $1.43 EPS. The business's quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.59%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.
United Parcel Service Company Profile
(
Free Report)
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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