DekaBank Deutsche Girozentrale grew its position in United Parcel Service, Inc. (NYSE:UPS) by 27.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 396,592 shares of the transportation company’s stock after acquiring an additional 86,545 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Parcel Service were worth $67,133,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JJJ Advisors Inc. boosted its position in shares of United Parcel Service by 243.8% during the 4th quarter. JJJ Advisors Inc. now owns 165 shares of the transportation company’s stock worth $28,000 after acquiring an additional 117 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of United Parcel Service in the 4th quarter worth approximately $29,000. Oder Investment Management LLC acquired a new stake in United Parcel Service during the 4th quarter valued at $29,000. West Financial Advisors LLC purchased a new position in shares of United Parcel Service during the 4th quarter worth $34,000. Finally, D Orazio & Associates Inc. grew its stake in shares of United Parcel Service by 108.0% during the fourth quarter. D Orazio & Associates Inc. now owns 208 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 108 shares in the last quarter. 55.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the stock. Craig Hallum upped their price objective on shares of United Parcel Service from $12.00 to $25.00 in a report on Monday, February 8th. Raymond James lifted their target price on shares of United Parcel Service from $200.00 to $223.00 and gave the stock a “strong-buy” rating in a research note on Tuesday. BMO Capital Markets raised shares of United Parcel Service from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $150.00 to $195.00 in a research note on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of United Parcel Service from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, April 21st. Finally, Vertical Research initiated coverage on shares of United Parcel Service in a research note on Thursday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. United Parcel Service currently has an average rating of “Buy” and an average price target of $192.21.
NYSE UPS opened at $212.20 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.16. The firm has a market cap of $183.99 billion, a price-to-earnings ratio of 40.34, a PEG ratio of 2.47 and a beta of 0.98. The company has a 50 day moving average of $174.74 and a 200-day moving average of $167.34. United Parcel Service, Inc. has a 1-year low of $88.85 and a 1-year high of $213.38.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 27th. The transportation company reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $1.05. The firm had revenue of $22.91 billion for the quarter, compared to analysts’ expectations of $20.62 billion. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The business’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. On average, analysts forecast that United Parcel Service, Inc. will post 7.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Monday, February 22nd were given a $1.02 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.01. This represents a $4.08 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, February 19th. United Parcel Service’s payout ratio is currently 54.18%.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, 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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