United Parcel Service, Inc. (NYSE:UPS) is Financial Partners Group LLC’s 7th Largest Position

Financial Partners Group LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 164.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,997 shares of the transportation company’s stock after acquiring an additional 56,569 shares during the quarter. United Parcel Service accounts for approximately 4.3% of Financial Partners Group LLC’s holdings, making the stock its 7th largest position. Financial Partners Group LLC’s holdings in United Parcel Service were worth $10,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of United Parcel Service in the fourth quarter worth approximately $1,075,393,000. Raymond James Financial Inc. bought a new position in United Parcel Service during the fourth quarter valued at approximately $393,680,000. Franklin Resources Inc. boosted its holdings in United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Finally, Amundi grew its position in United Parcel Service by 14.6% in the 4th quarter. Amundi now owns 10,040,863 shares of the transportation company’s stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UPS shares. Wolfe Research lowered their price target 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. Hsbc Global Res cut United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. BMO Capital Markets lowered their target price on United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. UBS Group cut their price target on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $120.26.

United Parcel Service Trading Down 1.3%

Shares of United Parcel Service stock opened at $99.74 on Wednesday. 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 company has a market capitalization of $84.46 billion, a P/E ratio of 14.54, a P/E/G ratio of 1.77 and a beta of 1.22. The company has a fifty day moving average of $97.68 and a 200 day moving average of $112.19.

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. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The business’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.58%. United Parcel Service’s payout ratio is 95.63%.

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.