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

Rehmann Capital Advisory Group lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,903 shares of the transportation company's stock after buying an additional 2,733 shares during the period. Rehmann Capital Advisory Group's holdings in United Parcel Service were worth $2,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UPS. Altus Wealth Group LLC raised its holdings in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock worth $255,000 after acquiring an additional 89 shares during the last quarter. Colonial Trust Co SC boosted its holdings in shares of United Parcel Service by 1.4% during the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company's stock valued at $911,000 after acquiring an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC boosted its holdings in shares of United Parcel Service by 2.5% during the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after acquiring an additional 101 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its stake in shares of United Parcel Service by 1.4% in the first quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares during the period. Finally, Cohen & Steers Inc. raised its holdings in shares of United Parcel Service by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research note on Thursday, May 1st. Wall Street Zen cut United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Truist Financial lowered their target price 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, JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research note on Tuesday. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has an average rating of "Hold" and an average price target of $118.96.

United Parcel Service Trading Up 1.5%

Shares of UPS opened at $102.38 on Wednesday. The firm has a market cap of $86.70 billion, a P/E ratio of 14.92, a price-to-earnings-growth 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. The company has a 50 day simple moving average of $99.02 and a two-hundred day simple moving average of $109.43.

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

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.41%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

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.

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