Meitav Dash Investments Ltd. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,911 shares of the transportation company’s stock after selling 1,641 shares during the quarter. Meitav Dash Investments Ltd.’s holdings in United Parcel Service were worth $926,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. ING Groep NV increased its stake in shares of United Parcel Service by 843.9% during the 4th quarter. ING Groep NV now owns 51,992 shares of the transportation company’s stock worth $6,086,000 after purchasing an additional 46,484 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in United Parcel Service during the fourth quarter worth approximately $499,000. B. Riley Wealth Management Inc. raised its stake in United Parcel Service by 18.6% in the fourth quarter. B. Riley Wealth Management Inc. now owns 3,118 shares of the transportation company’s stock valued at $365,000 after buying an additional 488 shares during the period. ARP Americas LP bought a new stake in United Parcel Service in the fourth quarter valued at approximately $3,348,000. Finally, Corient Capital Partners LLC lifted its position in shares of United Parcel Service by 3.5% in the fourth quarter. Corient Capital Partners LLC now owns 10,462 shares of the transportation company’s stock valued at $1,225,000 after buying an additional 356 shares during the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UPS traded up $0.42 during trading hours on Friday, hitting $96.72. 2,396,741 shares of the company were exchanged, compared to its average volume of 4,781,095. The company has a market cap of $83.90 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.37 and a beta of 0.82. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $125.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06. The firm’s fifty day moving average is $96.01 and its 200 day moving average is $106.78.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.08). The company had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.17 billion. United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. Analysts anticipate that United Parcel Service, Inc. will post 5.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be given a $1.01 dividend. This represents a $4.04 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, May 22nd. United Parcel Service’s payout ratio is presently 53.65%.
A number of equities research analysts recently weighed in on the company. Goldman Sachs Group restated a “buy” rating and issued a $117.00 price target on shares of United Parcel Service in a research note on Tuesday, April 28th. Berenberg Bank reissued a “neutral” rating and issued a $105.00 price objective on shares of United Parcel Service in a research report on Tuesday, April 28th. Wells Fargo & Co cut their target price on shares of United Parcel Service from $121.00 to $111.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Monday, March 2nd. Finally, BMO Capital Markets cut shares of United Parcel Service from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $95.00 to $85.00 in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $110.32.
United Parcel Service Profile
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.
Further Reading: Stop Order
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.