Austin Asset Management Co Inc raised its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 2,342.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,919 shares of the transportation company’s stock after buying an additional 59,384 shares during the period. United Parcel Service comprises about 1.0% of Austin Asset Management Co Inc’s holdings, making the stock its 17th largest position. Austin Asset Management Co Inc’s holdings in United Parcel Service were worth $6,092,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of United Parcel Service in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new position in United Parcel Service during the 4th quarter valued at about $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Citigroup raised their target price on 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 decreased their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Susquehanna increased their price target on 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 cut 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 report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.85.
United Parcel Service Trading Down 1.8%
Shares of United Parcel Service stock opened at $110.00 on Thursday. The stock has a market capitalization of $93.50 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.78 and a beta of 1.05. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $105.09 and its 200 day simple moving average is $105.48.
United Parcel Service (NYSE:UPS – Get Free Report) last issued 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 during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.49 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.11 EPS for the current year.
United Parcel Service Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is 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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