Axxcess Wealth Management LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 40.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,624 shares of the transportation company’s stock after selling 5,850 shares during the period. Axxcess Wealth Management LLC’s holdings in United Parcel Service were worth $848,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of United Parcel Service by 63.8% during the 4th 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. Sivia Capital Partners LLC purchased a new position in United Parcel Service in the second quarter valued at about $277,000. SVB Wealth LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $848,000. Treasurer of the State of North Carolina raised its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after purchasing an additional 9,124 shares during the period. Finally, Ieq Capital LLC lifted its stake in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after purchasing an additional 63,629 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Up 0.6%
UPS stock opened at $110.62 on Friday. 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 company has a market capitalization of $94.03 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.75 and a beta of 1.05. The company’s 50 day moving average price is $105.23 and its two-hundred day moving average price is $105.54. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.
United Parcel Service Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Susquehanna lifted their price objective on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup lifted their target price on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a report on Thursday. Evercore cut their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.10.
Get Our Latest Analysis on UPS
United Parcel Service News Summary
Here are the key news stories impacting United Parcel Service this week:
- Positive Sentiment: Citigroup raised its price target on UPS to $132 from $127 and kept a buy rating, implying meaningful upside from current levels. The bullish call supports sentiment around the stock. Benzinga report on Citigroup price-target increase
- Positive Sentiment: Stephens upgraded UPS to strong-buy, adding to the recent wave of favorable analyst commentary. Zacks report on Stephens upgrade
- Positive Sentiment: UPS drew unusual options activity, with traders buying 34,148 call options, about 33% above normal volume. Heavy call buying can signal bullish speculation.
- Positive Sentiment: UPS’s addition to key Russell defensive indexes could increase demand from index-linked funds and reinforce the stock’s defensive appeal. Yahoo Finance article on Russell defensive index addition
- Neutral Sentiment: Several articles highlighted that UPS remains heavily watched ahead of earnings, with some commentary arguing the company has a decent chance to beat estimates again based on its recent surprise history. Zacks earnings preview
- Negative Sentiment: Bearish commentary warned that UPS may face muted revenue growth, margin pressure, and possible dividend risk if free cash flow remains weak, which could cap further upside. Seeking Alpha bearish analysis
- Negative Sentiment: Another analysis said recent progress could be short-lived and pointed to intensified competition from Amazon’s logistics expansion as a threat to UPS’s growth and margins. Seeking Alpha consolidation analysis
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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