Bell Bank Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

Bell Bank lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,230 shares of the transportation company’s stock after purchasing an additional 6,424 shares during the period. Bell Bank’s holdings in United Parcel Service were worth $8,165,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LaFleur & Godfrey LLC lifted its position in shares of United Parcel Service by 62.8% during the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock valued at $785,000 after buying an additional 2,401 shares during the last quarter. Brighton Jones LLC lifted its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Principal Securities Inc. increased its stake in shares of United Parcel Service by 2.9% in the fourth quarter. Principal Securities Inc. now owns 42,247 shares of the transportation company’s stock worth $5,327,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of United Parcel Service in the fourth quarter worth about $5,358,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.1%

UPS opened at $101.07 on Tuesday. The business’s fifty day simple moving average is $97.68 and its 200 day simple moving average is $112.27. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock has a market cap of $85.59 billion, a PE ratio of 14.95, a P/E/G ratio of 1.55 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates 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 revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 EPS. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.49%. United Parcel Service’s payout ratio is 95.63%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price target on shares of 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. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on United Parcel Service in a research report on Friday, March 7th. They issued a “hold” rating and a $119.00 price target for the company. Wolfe Research dropped their price objective on United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.