V Square Quantitative Management LLC Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

V Square Quantitative Management LLC increased its position in United Parcel Service, Inc. (NYSE:UPSFree Report) by 34.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,075 shares of the transportation company’s stock after acquiring an additional 3,071 shares during the quarter. V Square Quantitative Management LLC’s holdings in United Parcel Service were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of United Parcel Service during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service in the fourth quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in shares of United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors bought a new stake in United Parcel Service during the 4th quarter valued at approximately $28,000. Finally, Bourgeon Capital Management LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $31,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and raised their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Finally, Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $165.23.

View Our Latest Research Report on UPS

United Parcel Service Trading Down 1.4 %

Shares of NYSE UPS traded down $2.09 during midday trading on Tuesday, hitting $145.50. The company’s stock had a trading volume of 2,750,172 shares, compared to its average volume of 4,033,675. United Parcel Service, Inc. has a 12-month low of $133.68 and a 12-month high of $192.98. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market cap of $124.48 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. The business’s 50 day moving average is $148.66 and its two-hundred day moving average is $150.95.

United Parcel Service (NYSE:UPSGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Monday, May 13th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.48%. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

United Parcel Service Profile

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

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