Rehmann Capital Advisory Group Buys 2,733 Shares of United Parcel Service, Inc. (NYSE:UPS)

Rehmann Capital Advisory Group lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,903 shares of the transportation company's stock after buying an additional 2,733 shares during the quarter. Rehmann Capital Advisory Group's holdings in United Parcel Service were worth $2,079,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service during the 4th quarter valued at about $27,000. Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in United Parcel Service during the 4th quarter valued at about $28,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock traded down $0.04 during midday trading on Wednesday, hitting $102.34. The company had a trading volume of 4,565,721 shares, compared to its average volume of 5,240,310. The business's 50 day simple moving average is $99.02 and its two-hundred day simple moving average is $109.43. The stock has a market cap of $86.66 billion, a PE ratio of 14.92, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The business's revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. 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 6.41%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

Several research firms have issued reports on UPS. HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a report on Thursday, May 1st. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Truist Financial dropped 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. Hsbc Global Res downgraded shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Two investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $119.13.

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.