Sweeney & Michel LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,778 shares of the transportation company's stock, valued at approximately $306,000.
Several other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $30,000. Institutional investors own 60.26% of the company's stock.
United Parcel Service Stock Down 1.0%
United Parcel Service stock traded down $1.00 during mid-day trading on Thursday, hitting $97.55. The company had a trading volume of 1,807,219 shares, compared to its average volume of 5,135,459. The stock has a market cap of $82.61 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $97.81 and a 200 day moving average of $114.49.
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 analysts' consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. United Parcel Service's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.72%. The ex-dividend date is Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is 95.63%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on UPS. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Galvan Research dropped their price objective on 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. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price objective (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on 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. Finally, HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $120.26.
Check Out Our Latest Stock Analysis on United Parcel Service
United Parcel Service 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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