Ritholtz Wealth Management Grows Holdings in United Parcel Service, Inc. (NYSE:UPS)

Ritholtz Wealth Management grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 22.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,124 shares of the transportation company’s stock after acquiring an additional 570 shares during the period. Ritholtz Wealth Management’s holdings in United Parcel Service were worth $531,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. E Fund Management Co. Ltd. purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $215,000. Norinchukin Bank The raised its position in shares of United Parcel Service by 2.2% during the 1st quarter. Norinchukin Bank The now owns 59,847 shares of the transportation company’s stock valued at $10,173,000 after acquiring an additional 1,312 shares in the last quarter. Sei Investments Co. raised its position in shares of United Parcel Service by 0.8% during the 1st quarter. Sei Investments Co. now owns 239,814 shares of the transportation company’s stock valued at $40,793,000 after acquiring an additional 1,889 shares in the last quarter. Linscomb & Williams Inc. raised its position in shares of United Parcel Service by 1.4% during the 1st quarter. Linscomb & Williams Inc. now owns 60,030 shares of the transportation company’s stock valued at $10,205,000 after acquiring an additional 809 shares in the last quarter. Finally, Brinker Capital Investments LLC raised its position in shares of United Parcel Service by 71.1% during the 1st quarter. Brinker Capital Investments LLC now owns 68,871 shares of the transportation company’s stock valued at $11,707,000 after acquiring an additional 28,629 shares in the last quarter. Institutional investors own 56.06% of the company’s stock.

Shares of UPS stock opened at $203.20 on Friday. The company’s 50-day moving average price is $199.46. United Parcel Service, Inc. has a fifty-two week low of $99.59 and a fifty-two week high of $219.59. The company has a market capitalization of $176.89 billion, a PE ratio of 33.92, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.29 and a quick ratio of 1.29.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 27th. The transportation company reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $1.05. United Parcel Service had a return on equity of 193.06% and a net margin of 5.87%. The business had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $20.62 billion. During the same quarter last year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 27.0% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 10.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 9th. Investors of record on Monday, May 24th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, May 21st. This represents a $4.08 annualized dividend and a yield of 2.01%. United Parcel Service’s dividend payout ratio is currently 49.57%.

Several equities research analysts recently issued reports on the company. Raymond James upped their price target on United Parcel Service from $223.00 to $240.00 and gave the company a “strong-buy” rating in a research report on Friday, June 4th. KeyCorp upped their price target on United Parcel Service from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, May 26th. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating in a research report on Monday, May 3rd. Vertical Research assumed coverage on United Parcel Service in a research report on Friday, March 26th. They issued a “buy” rating and a $195.00 target price on the stock. Finally, Loop Capital increased their target price on United Parcel Service from $203.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $205.63.

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

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