Bard Financial Services Inc. Has $896,000 Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bard Financial Services Inc. lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 138.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,150 shares of the transportation company's stock after purchasing an additional 4,725 shares during the period. Bard Financial Services Inc.'s holdings in United Parcel Service were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Curbstone Financial Management Corp raised its position in shares of United Parcel Service by 6.8% during the first quarter. Curbstone Financial Management Corp now owns 10,332 shares of the transportation company's stock worth $1,136,000 after purchasing an additional 660 shares during the period. Founders Capital Management LLC raised its position in shares of United Parcel Service by 8.3% during the first quarter. Founders Capital Management LLC now owns 102,826 shares of the transportation company's stock worth $11,310,000 after purchasing an additional 7,847 shares during the period. Rowlandmiller & PARTNERS.ADV raised its position in shares of United Parcel Service by 7.2% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 44,588 shares of the transportation company's stock worth $4,904,000 after purchasing an additional 3,007 shares during the period. Monarch Capital Management Inc. raised its position in shares of United Parcel Service by 9.4% during the first quarter. Monarch Capital Management Inc. now owns 29,745 shares of the transportation company's stock worth $3,272,000 after purchasing an additional 2,565 shares during the period. Finally, MV Capital Management Inc. raised its position in shares of United Parcel Service by 51.5% during the first quarter. MV Capital Management Inc. now owns 547 shares of the transportation company's stock worth $60,000 after purchasing an additional 186 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

NYSE UPS traded down $0.31 on Thursday, reaching $100.85. The stock had a trading volume of 3,105,662 shares, compared to its average volume of 5,178,870. The company has a market capitalization of $85.40 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.55 and a beta of 1.22. The business has a 50 day moving average price of $97.33 and a 200 day moving average price of $113.08. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The firm's revenue was down .9% on a year-over-year basis. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid 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 yield of 6.50%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UPS shares. 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 report on Wednesday, April 9th. BMO Capital Markets dropped their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Truist Financial dropped their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their price target 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. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $120.26.

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.