Argent Trust Co raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 30.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,985 shares of the transportation company’s stock after buying an additional 3,749 shares during the period. Argent Trust Co’s holdings in United Parcel Service were worth $1,493,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in UPS. Savior LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $25,000. Clear Harbor Asset Management LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $25,000. IndexIQ Advisors LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $28,000. TD Capital Management LLC purchased a new stake in United Parcel Service during the 1st quarter valued at $28,000. Finally, Solstein Capital LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $30,000. 56.64% of the stock is owned by institutional investors and hedge funds.
UPS has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $113.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. KeyCorp reissued a “hold” rating on shares of United Parcel Service in a research report on Monday, April 20th. Sanford C. Bernstein restated a “buy” rating and issued a $144.00 price objective on shares of United Parcel Service in a report on Friday, January 31st. Finally, Barclays lowered shares of United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $90.00 price objective for the company. in a report on Friday, April 17th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $110.32.
Shares of United Parcel Service stock traded up $0.42 during trading on Friday, hitting $96.72. The company’s stock had a trading volume of 2,396,741 shares, compared to its average volume of 4,781,095. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.22 and a current ratio of 1.22. The company has a fifty day simple moving average of $96.01 and a two-hundred day simple moving average of $106.78. The company has a market capitalization of $83.90 billion, a PE ratio of 19.58, a P/E/G ratio of 2.37 and a beta of 0.82. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $125.31.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.08). The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.39 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 5.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be paid a $1.01 dividend. The ex-dividend date is Friday, May 22nd. This represents a $4.04 annualized dividend and a dividend yield of 4.18%. United Parcel Service’s payout ratio is 53.65%.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
Recommended Story: Monthly Dividend Stocks Can Provide Solid Income
Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.