WT Wealth Management acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to its most recent filing with the SEC. The fund acquired 4,901 shares of the transportation company’s stock, valued at approximately $457,000.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its position in shares of United Parcel Service by 1.7% during the first quarter. BlackRock Inc. now owns 44,906,446 shares of the transportation company’s stock valued at $4,195,157,000 after buying an additional 729,531 shares during the period. State Street Corp grew its stake in United Parcel Service by 1.3% during the fourth quarter. State Street Corp now owns 28,483,717 shares of the transportation company’s stock valued at $3,334,304,000 after acquiring an additional 375,783 shares in the last quarter. Geode Capital Management LLC increased its holdings in United Parcel Service by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,333,183 shares of the transportation company’s stock worth $1,090,158,000 after acquiring an additional 340,415 shares during the period. Capital Research Global Investors lifted its stake in United Parcel Service by 17.7% in the 4th quarter. Capital Research Global Investors now owns 7,829,892 shares of the transportation company’s stock worth $916,567,000 after purchasing an additional 1,176,081 shares in the last quarter. Finally, Norges Bank bought a new position in United Parcel Service in the 4th quarter valued at $727,585,000. 54.83% of the stock is currently owned by institutional investors and hedge funds.
UPS traded up $0.59 during trading on Tuesday, reaching $99.87. 807,493 shares of the company traded hands, compared to its average volume of 4,012,177. The company has a market cap of $85.97 billion, a P/E ratio of 20.07, a PEG ratio of 2.43 and a beta of 0.83. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.22 and a current ratio of 1.22. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $125.31. The firm has a fifty day simple moving average of $96.90 and a 200 day simple moving average of $105.59.
United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.08). The company had revenue of $18.04 billion for 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%. United Parcel Service’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, May 22nd. United Parcel Service’s dividend payout ratio (DPR) is presently 53.65%.
Several equities research analysts recently issued reports on the company. Oppenheimer dropped their price objective on United Parcel Service from $124.00 to $106.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. BMO Capital Markets lowered United Parcel Service from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $95.00 to $85.00 in a report on Wednesday, April 29th. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. KeyCorp reissued a “hold” rating on shares of United Parcel Service in a research note on Monday, April 20th. Finally, CSFB lowered their price objective on shares of United Parcel Service from $105.00 to $101.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $110.76.
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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