3,612 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL purchased a new position in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, Holdings Channel reports. The fund purchased 3,612 shares of the transportation company’s stock, valued at approximately $337,000.

A number of other hedge funds also recently bought and sold shares of UPS. Norges Bank purchased a new position in United Parcel Service in the 4th quarter worth about $727,585,000. Standard Life Aberdeen plc increased its stake in United Parcel Service by 277.6% in the 4th quarter. Standard Life Aberdeen plc now owns 2,444,084 shares of the transportation company’s stock worth $286,104,000 after buying an additional 1,796,853 shares during the period. Capital Research Global Investors increased its stake in United Parcel Service by 17.7% in the 4th quarter. Capital Research Global Investors now owns 7,829,892 shares of the transportation company’s stock worth $916,567,000 after buying an additional 1,176,081 shares during the period. Eagle Asset Management Inc. purchased a new position in United Parcel Service in the 4th quarter worth about $88,799,000. Finally, Janus Henderson Group PLC increased its stake in United Parcel Service by 28.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,343,764 shares of the transportation company’s stock worth $391,419,000 after buying an additional 749,816 shares during the period. 56.64% of the stock is currently owned by institutional investors.

UPS stock traded up $0.42 during trading on Friday, reaching $96.72. The company had a trading volume of 2,396,741 shares, compared to its average volume of 4,781,095. The firm has a 50-day simple moving average of $96.01 and a 200-day simple moving average of $106.78. The company has a market cap of $83.90 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $125.31.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.08). The company had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. Sell-side analysts expect that United Parcel Service, Inc. will post 5.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, May 22nd. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.

A number of research analysts have commented on the stock. Stifel Nicolaus cut their target price on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. CSFB cut their target price on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Cfra cut their target price on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Oppenheimer cut their target price on shares of United Parcel Service from $124.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus price target of $110.32.

United Parcel Service 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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