Pinnacle Wealth Management Group Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 37.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the transportation company's stock after selling 3,448 shares during the period. Pinnacle Wealth Management Group Inc.'s holdings in United Parcel Service were worth $627,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. Generali Investments Management Co LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Trading Up 1.4%
Shares of UPS traded up $1.37 during trading hours on Friday, hitting $98.24. The company had a trading volume of 3,041,147 shares, compared to its average volume of 5,154,966. The firm has a market cap of $83.19 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.55 and a beta of 1.22. The stock's 50 day moving average price is $97.32 and its 200 day moving average price is $113.99. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.
United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the business earned $1.43 EPS. United Parcel Service's revenue was down .9% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.
United Parcel Service Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given 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 6.68%. United Parcel Service's payout ratio is 95.63%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on UPS. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lowered their price objective on 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. UBS Group lowered their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, HSBC downgraded United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $120.26.
Get Our Latest Analysis on UPS
About United Parcel Service
(
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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