Roberts Glore & Co. Inc. IL Invests $337,000 in United Parcel Service, Inc. (NYSE:UPS)

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Roberts Glore & Co. Inc. IL bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,612 shares of the transportation company’s stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Savior LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. Clear Harbor Asset Management LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $25,000. IndexIQ Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $28,000. TD Capital Management LLC bought a new position in shares of United Parcel Service in the first quarter worth approximately $28,000. Finally, Solstein Capital LLC bought a new position in shares of United Parcel Service in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

UPS stock traded up $0.42 during midday trading on Friday, reaching $96.72. 2,396,741 shares of the company’s stock traded hands, compared to its average volume of 4,781,095. The stock’s 50-day moving average is $96.01 and its 200 day moving average is $106.78. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 8.06. The stock has a market cap of $83.90 billion, a P/E ratio of 19.58, a PEG 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 announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.08). The firm had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.17 billion. United Parcel Service had a return on equity of 152.81% and a net margin of 5.73%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.39 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 5.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 26th will be paid a $1.01 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 4.18%. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. BMO Capital Markets downgraded shares of United Parcel Service from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $95.00 to $85.00 in a research report on Wednesday, April 29th. Standpoint Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Oppenheimer lowered their price objective on shares of United Parcel Service from $124.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Raymond James lowered their price objective on shares of United Parcel Service from $140.00 to $135.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $110.32.

United Parcel Service Company 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.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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