Stonegate Investment Group LLC Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

Stonegate Investment Group LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 45.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 636,276 shares of the transportation company's stock after purchasing an additional 198,050 shares during the period. United Parcel Service makes up about 1.9% of Stonegate Investment Group LLC's holdings, making the stock its 20th biggest holding. Stonegate Investment Group LLC owned approximately 0.07% of United Parcel Service worth $69,984,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. PFG Investments LLC lifted its stake in United Parcel Service by 3.1% in the first quarter. PFG Investments LLC now owns 49,359 shares of the transportation company's stock worth $5,429,000 after purchasing an additional 1,462 shares during the last quarter. Advocate Group LLC increased its holdings in shares of United Parcel Service by 8.2% in the first quarter. Advocate Group LLC now owns 80,703 shares of the transportation company's stock worth $8,876,000 after buying an additional 6,103 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in shares of United Parcel Service by 1.8% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 183,668 shares of the transportation company's stock valued at $20,202,000 after acquiring an additional 3,174 shares during the last quarter. Advisor Resource Council bought a new stake in shares of United Parcel Service in the 1st quarter valued at about $437,000. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in United Parcel Service by 38.9% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 166,933 shares of the transportation company's stock valued at $18,361,000 after acquiring an additional 46,758 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UPS. Truist Financial lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. UBS Group decreased their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Raymond James Financial lowered their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets cut their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Up 0.2%

Shares of NYSE:UPS opened at $99.36 on Friday. The firm has a market capitalization of $84.14 billion, a P/E ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $97.77 and a 200-day moving average price of $111.65. 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 released its 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 period in the prior year, the firm earned $1.43 EPS. The company's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is 95.63%.

United Parcel Service Company 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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