Trilogy Capital Inc. Acquires 2,567 Shares of United Parcel Service, Inc. (NYSE:UPS)

Key Points

• Trilogy Capital Inc. increased its stake in United Parcel Service (UPS) by 10.9% during the first quarter, holding a total of 26,094 shares valued at approximately $2.87 million.
• Several hedge funds have also made significant investments in UPS, including Norges Bank, which acquired a position worth $1.08 billion, indicating strong institutional interest.
• UPS recently reported $1.49 EPS for the quarter, exceeding analysts' expectations, while the company announced a quarterly dividend of $1.64 per share, yielding about 6.39%.

Trilogy Capital Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,094 shares of the transportation company's stock after purchasing an additional 2,567 shares during the quarter. Trilogy Capital Inc.'s holdings in United Parcel Service were worth $2,870,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of United Parcel Service in the 4th quarter worth approximately $1,075,393,000. Pacer Advisors Inc. lifted its holdings in shares of United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $145,846,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after purchasing an additional 1,064,293 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Ratings Changes

UPS has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Susquehanna cut their price target on United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Loop Capital cut their target price on United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Stifel Nicolaus cut their target price 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. Finally, Wolfe Research cut their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have given 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, the stock has a consensus rating of "Hold" and an average price target of $118.22.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $1.06 during trading hours on Friday, hitting $103.59. 5,471,470 shares of the company's stock were exchanged, compared to its average volume of 4,516,731. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $145.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $87.72 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.99 and a beta of 1.21. The company's 50-day moving average price is $100.01 and its 200-day moving average price is $107.23.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The company's quarterly revenue was down .9% compared to the same quarter last year. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders 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 annualized dividend and a dividend yield of 6.33%. United Parcel Service's dividend payout ratio is currently 95.63%.

About United Parcel Service

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.