Insigneo Advisory Services LLC Buys 966 Shares of United Parcel Service, Inc. (NYSE:UPS)

Insigneo Advisory Services LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,509 shares of the transportation company’s stock after buying an additional 966 shares during the quarter. Insigneo Advisory Services LLC’s holdings in United Parcel Service were worth $936,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clark Capital Management Group Inc. lifted its stake in United Parcel Service by 14.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company’s stock worth $1,441,000 after purchasing an additional 1,440 shares in the last quarter. LaFleur & Godfrey LLC raised its position in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company’s stock worth $785,000 after buying an additional 2,401 shares in the last quarter. Argyle Capital Management LLC raised its position in shares of United Parcel Service by 11.4% in the fourth quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock worth $3,333,000 after buying an additional 2,695 shares in the last quarter. Brighton Jones LLC boosted its stake 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 buying an additional 4,723 shares during the period. Finally, TCW Group Inc. grew its position in United Parcel Service by 21.6% during the fourth quarter. TCW Group Inc. now owns 165,596 shares of the transportation company’s stock worth $20,882,000 after buying an additional 29,411 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Thursday, May 1st. Wolfe Research lowered their target price on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Susquehanna decreased their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup lowered their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Performance

Shares of UPS stock opened at $99.74 on Wednesday. The company has a market capitalization of $84.46 billion, a P/E ratio of 14.54, a PEG ratio of 1.77 and a beta of 1.22. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day moving average price of $97.68 and a two-hundred day moving average price of $112.19.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.58%. United Parcel Service’s payout ratio is presently 95.63%.

About United Parcel Service

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.