Princeton Capital Management LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,829 shares of the transportation company’s stock after selling 242 shares during the period. United Parcel Service accounts for about 2.5% of Princeton Capital Management LLC’s holdings, making the stock its 9th largest holding. Princeton Capital Management LLC’s holdings in United Parcel Service were worth $7,450,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealthcare Capital Management LLC acquired a new position in United Parcel Service in the 1st quarter valued at $25,000. Oder Investment Management LLC acquired a new position in United Parcel Service in the 4th quarter worth approximately $29,000. Inspire Advisors LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at $29,000. Duncker Streett & Co. Inc. grew its position in United Parcel Service by 76.2% in the 1st quarter. Duncker Streett & Co. Inc. now owns 185 shares of the transportation company’s stock worth $31,000 after purchasing an additional 80 shares during the last quarter. Finally, West Financial Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 56.06% of the company’s stock.
NYSE:UPS traded down $1.26 during mid-day trading on Friday, hitting $201.94. 96,113 shares of the company’s stock were exchanged, compared to its average volume of 3,678,249. The stock’s 50 day moving average is $199.46. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.29 and a quick ratio of 1.29. United Parcel Service, Inc. has a fifty-two week low of $99.59 and a fifty-two week high of $219.59. The company has a market cap of $175.80 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 2.37 and a beta of 1.06.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 9th. Investors of record on Monday, May 24th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.02%. The ex-dividend date was Friday, May 21st. United Parcel Service’s payout ratio is currently 49.57%.
A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of United Parcel Service from $205.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Credit Suisse Group reaffirmed a “buy” rating and issued a $261.00 target price on shares of United Parcel Service in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $260.00 to $237.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of United Parcel Service from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday, June 1st. Finally, Stephens upped their price target on shares of United Parcel Service from $207.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $205.63.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, 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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