United Parcel Service, Inc. (NYSE:UPS) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 136.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,522 shares of the transportation company's stock after acquiring an additional 56,800 shares during the quarter. Sequoia Financial Advisors LLC's holdings in United Parcel Service were worth $10,836,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $100.77 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $98.08 and a 200-day simple moving average of $110.89. The company has a market cap of $85.33 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data 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. 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%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

UPS has been the topic of several research analyst reports. HSBC lowered United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Thursday, May 1st. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. 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 report on Wednesday, April 9th. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $120.26.

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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