Vaughan David Investments LLC IL reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 344,274 shares of the transportation company’s stock after selling 13,155 shares during the quarter. Vaughan David Investments LLC IL’s holdings in United Parcel Service were worth $34,149,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings in United Parcel Service by 15.2% during the 4th quarter. ARK Investment Management LLC now owns 13,383 shares of the transportation company’s stock valued at $1,327,000 after buying an additional 1,770 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in United Parcel Service by 20.0% during the 4th quarter. Gateway Wealth Partners LLC now owns 9,200 shares of the transportation company’s stock valued at $913,000 after buying an additional 1,532 shares during the last quarter. Hoxton Planning & Management LLC raised its holdings in United Parcel Service by 20.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 4,581 shares of the transportation company’s stock valued at $454,000 after buying an additional 774 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in United Parcel Service by 12,272.3% during the 4th quarter. Meeder Asset Management Inc. now owns 11,630 shares of the transportation company’s stock valued at $1,154,000 after buying an additional 11,536 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co bought a new stake in United Parcel Service during the 4th quarter valued at $290,000. 60.26% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
UPS has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group reduced their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Susquehanna boosted their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Evercore reduced their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and an average price target of $111.50.
United Parcel Service Trading Up 5.2%
NYSE UPS opened at $108.65 on Friday. The stock’s 50 day moving average is $103.03 and its 200 day moving average is $104.03. The firm has a market capitalization of $92.35 billion, a PE ratio of 17.58, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.
United Parcel Service (NYSE:UPS – Get Free Report) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.
United Parcel Service Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio is currently 106.15%.
United Parcel Service Profile
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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