Mediolanum International Funds Ltd lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 50.9% in the first quarter, HoldingsChannel.com reports. The firm owned 19,639 shares of the transportation company’s stock after selling 20,362 shares during the quarter. Mediolanum International Funds Ltd’s holdings in United Parcel Service were worth $1,865,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Shrier Wealth Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at approximately $1,099,000. LFG Wealth Partners LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth about $1,207,000. CWM LLC increased its stake in shares of United Parcel Service by 49.4% in the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock worth $29,495,000 after acquiring an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC increased its stake in shares of United Parcel Service by 937.9% in the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock worth $24,358,000 after acquiring an additional 221,905 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Trading Up 2.8%
United Parcel Service stock opened at $116.32 on Wednesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm has a market capitalization of $98.87 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.80 and a beta of 1.05. The firm has a 50 day moving average of $107.30 and a 200 day moving average of $106.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.
United Parcel Service Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.
Key Headlines Impacting United Parcel Service
Here are the key news stories impacting United Parcel Service this week:
- Positive Sentiment: Sanford C. Bernstein raised its price target on UPS to $133 from $130 and reiterated an outperform rating, signaling upside confidence ahead of earnings.
- Positive Sentiment: Analysts expect UPS to have a chance to beat upcoming quarterly earnings expectations, supported by the right mix of improving per-package revenue and cost cuts.
- Positive Sentiment: Investor focus is centered on updated guidance, and any stronger-than-expected outlook could further support the shares after recent weakness.
- Neutral Sentiment: Market commentary notes UPS has been moving alongside broader transportation-sector earnings expectations, with traders watching for confirmation in the Q2 report. United Parcel Service Inc. Cl B stock underperforms Monday when compared to competitors
- Negative Sentiment: Recent articles also point to lower shipping volumes and pricing pressure from fuel surcharges and competition, including Amazon’s expanding delivery network, which could weigh on margins. Fuel surcharges wallop FedEx, UPS shippers as Amazon looms
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna upped their price objective 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 target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Sanford C. Bernstein lifted their target price on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.
View Our Latest Research Report on United Parcel Service
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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