United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Optimist Retirement Group LLC

Optimist Retirement Group LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 212.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,530 shares of the transportation company's stock after purchasing an additional 13,278 shares during the quarter. Optimist Retirement Group LLC's holdings in United Parcel Service were worth $2,148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UPS. Teachers Retirement System of The State of Kentucky raised its position in United Parcel Service by 4.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 56,481 shares of the transportation company's stock worth $6,212,000 after acquiring an additional 2,221 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in United Parcel Service by 1,608.0% during the 1st quarter. New England Capital Financial Advisors LLC now owns 427 shares of the transportation company's stock worth $47,000 after purchasing an additional 402 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in United Parcel Service by 147.2% during the 1st quarter. J.W. Cole Advisors Inc. now owns 179,320 shares of the transportation company's stock worth $19,723,000 after purchasing an additional 106,782 shares in the last quarter. IFP Advisors Inc increased its position in United Parcel Service by 7.2% during the 1st quarter. IFP Advisors Inc now owns 8,504 shares of the transportation company's stock worth $935,000 after purchasing an additional 571 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its position in United Parcel Service by 108.6% during the 1st quarter. OneAscent Financial Services LLC now owns 5,362 shares of the transportation company's stock worth $588,000 after purchasing an additional 2,791 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.21 on Friday. The business has a 50 day moving average price of $99.85 and a 200 day moving average price of $108.02. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $146.17. The company has a market cap of $84.01 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

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 for the quarter, beating analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. Research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.61%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer decreased their price target on United Parcel Service from $126.00 to $114.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. UBS Group reduced their price objective on United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. BMO Capital Markets reduced their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a research note on Thursday, May 1st. Finally, Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $119.13.

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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