Buck Wealth Strategies LLC increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 87.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,034 shares of the transportation company's stock after acquiring an additional 4,682 shares during the quarter. Buck Wealth Strategies LLC's holdings in United Parcel Service were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the 4th quarter valued at about $30,000. 60.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on UPS shares. Wolfe Research reduced their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Truist Financial reduced their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Bank of America lifted their price target on shares of United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Galvan Research reduced their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $120.26.
Check Out Our Latest Report on UPS
United Parcel Service Stock Performance
Shares of UPS traded up $1.16 on Monday, reaching $100.43. The company's stock had a trading volume of 5,073,581 shares, compared to its average volume of 5,188,871. 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 12-month low of $90.55 and a 12-month high of $148.15. The stock has a market capitalization of $85.04 billion, a P/E ratio of 14.64, a PEG ratio of 1.74 and a beta of 1.22. The stock's 50 day simple moving average is $97.77 and its two-hundred day simple moving average is $111.42.
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 for the quarter, beating the consensus estimate 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 business 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 firm earned $1.43 earnings per share. The company's revenue for the quarter was down .9% on a year-over-year basis. Research analysts forecast 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 given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.
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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