USS Investment Management Ltd grew its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 7.8% during the first quarter, HoldingsChannel reports. The firm owned 140,001 shares of the transportation company’s stock after buying an additional 10,132 shares during the quarter. USS Investment Management Ltd’s holdings in United Parcel Service were worth $13,768,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service in the 4th quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service during the fourth quarter worth $25,000. Coston McIsaac & Partners grew its stake in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth $29,000. 60.26% of the stock is owned by institutional investors.
United Parcel Service Price Performance
Shares of NYSE:UPS opened at $109.54 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The firm has a market cap of $93.11 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.71 and a beta of 1.05. The firm’s fifty day moving average is $104.71 and its 200-day moving average is $105.14.
United Parcel Service Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio is presently 106.15%.
Analysts Set New Price Targets
A number of research analysts have recently commented on UPS shares. 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 note on Wednesday, April 29th. UBS Group lowered their target price 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. Citigroup increased their target price on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Evercore reduced their price target on 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $110.85.
Check Out Our Latest Stock Analysis on UPS
United Parcel Service Company 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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