Capital Square LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,877 shares of the transportation company’s stock, valued at approximately $3,473,000. United Parcel Service comprises 1.5% of Capital Square LLC’s portfolio, making the stock its 12th largest position.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LFG Wealth Partners LLC bought a new stake in shares of United Parcel Service in the fourth quarter worth approximately $1,207,000. RiverFront Investment Group LLC lifted its position in United Parcel Service by 937.9% during the fourth quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after purchasing an additional 221,905 shares during the period. 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 purchasing an additional 65,652 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in United Parcel Service by 4.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock worth $43,160,000 after purchasing an additional 16,764 shares during the period. Finally, Sigma Planning Corp raised its stake in United Parcel Service by 37.1% during the 1st quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company’s stock valued at $3,613,000 after buying an additional 9,941 shares during the last quarter. 60.26% of the stock is owned by institutional investors.
United Parcel Service Price Performance
Shares of United Parcel Service stock opened at $102.06 on Monday. The stock has a market cap of $86.83 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $108.40 and its 200 day moving average is $106.35. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. United Parcel Service’s dividend payout ratio (DPR) is presently 121.93%.
Wall Street Analysts Forecast Growth
UPS has been the subject of several research analyst reports. Citizens Jmp assumed coverage on United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Stephens dropped their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. UBS Group upped their price target on shares of United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, Citigroup raised their price objective on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $117.41.
Check Out Our Latest Stock Report on United Parcel Service
About United Parcel Service
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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