Exeter Financial LLC Acquires 790 Shares of United Parcel Service, Inc. (NYSE:UPS)

Exeter Financial LLC raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 15,990 shares of the transportation company’s stock after purchasing an additional 790 shares during the quarter. Exeter Financial LLC’s holdings in United Parcel Service were worth $2,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Paralel Advisors LLC raised its position in shares of United Parcel Service by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 9,869 shares of the transportation company’s stock valued at $1,538,000 after acquiring an additional 123 shares during the last quarter. Operose Advisors LLC grew its holdings in shares of United Parcel Service by 171.1% in the 3rd quarter. Operose Advisors LLC now owns 862 shares of the transportation company’s stock valued at $134,000 after buying an additional 544 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of United Parcel Service by 17.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,797 shares of the transportation company’s stock valued at $6,359,000 after buying an additional 6,125 shares during the period. Mckinley Capital Management LLC grew its holdings in shares of United Parcel Service by 1.7% in the 3rd quarter. Mckinley Capital Management LLC now owns 4,959 shares of the transportation company’s stock valued at $773,000 after buying an additional 83 shares during the period. Finally, Valley National Advisers Inc. grew its holdings in shares of United Parcel Service by 6.7% in the 3rd quarter. Valley National Advisers Inc. now owns 3,833 shares of the transportation company’s stock valued at $598,000 after buying an additional 241 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Oppenheimer upped their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $2.63 during trading hours on Thursday, hitting $135.52. 1,535,793 shares of the stock were exchanged, compared to its average volume of 4,030,493. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market cap of $115.95 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. The company’s fifty day simple moving average is $141.96 and its two-hundred day simple moving average is $148.83. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $2.20 earnings per share. On average, sell-side analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.