Diamant Asset Management Inc. acquired a new stake in United Parcel Service (NYSE:UPS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,450 shares of the transportation company’s stock, valued at approximately $256,000.
Several other hedge funds also recently added to or reduced their stakes in UPS. Citizens Financial Group Inc. RI grew its position in United Parcel Service by 31.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,263 shares of the transportation company’s stock worth $392,000 after acquiring an additional 788 shares during the last quarter. King Luther Capital Management Corp grew its position in United Parcel Service by 13.2% during the 3rd quarter. King Luther Capital Management Corp now owns 52,850 shares of the transportation company’s stock worth $6,347,000 after acquiring an additional 6,160 shares during the last quarter. AMP Capital Investors Ltd grew its position in United Parcel Service by 2.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 239,669 shares of the transportation company’s stock worth $28,784,000 after acquiring an additional 6,280 shares during the last quarter. Asset Management One Co. Ltd. grew its position in United Parcel Service by 3.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,115,507 shares of the transportation company’s stock worth $133,924,000 after acquiring an additional 32,279 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC lifted its holdings in United Parcel Service by 2.3% during the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 23,573 shares of the transportation company’s stock worth $2,822,000 after buying an additional 522 shares in the last quarter. Institutional investors own 54.27% of the company’s stock.
United Parcel Service opened at $115.61 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $99.48 billion, a PE ratio of 19.24, a P/E/G ratio of 1.73 and a beta of 1.02. United Parcel Service has a twelve month low of $115.21 and a twelve month high of $116.47.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. The company had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 EPS. analysts expect that United Parcel Service will post 7.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 60.57%.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.
Several research analysts have issued reports on the company. BMO Capital Markets reduced their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a report on Friday, April 27th. Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday. Loop Capital upped their price objective on United Parcel Service from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, March 7th. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 price objective on shares of United Parcel Service in a report on Tuesday, April 10th. Finally, Knight Equity downgraded United Parcel Service from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $115.00 in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $124.26.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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