MADDEN SECURITIES Corp Takes Position in United Parcel Service, Inc. (NYSE:UPS)

MADDEN SECURITIES Corp purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,910 shares of the transportation company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at about $393,680,000. Franklin Resources Inc. boosted its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of United Parcel Service by 77.7% during the fourth quarter. Van ECK Associates Corp now owns 3,150,901 shares of the transportation company’s stock valued at $397,329,000 after purchasing an additional 1,378,136 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.0%

Shares of NYSE UPS opened at $99.27 on Tuesday. The stock has a market capitalization of $84.06 billion, a P/E ratio of 14.69, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a 50-day moving average price of $97.10 and a 200-day moving average price of $113.49.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analysts Set New Price Targets

Several research firms recently commented on UPS. Oppenheimer cut their target price on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Raymond James cut their price objective on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus cut their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Wolfe Research cut their price target on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial cut their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $120.26.

United Parcel Service Profile

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.