Applied Capital LLC FL Has $1.28 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Applied Capital LLC FL boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.6% during the first quarter, Holdings Channel reports. The institutional investor owned 8,584 shares of the transportation company’s stock after acquiring an additional 381 shares during the quarter. Applied Capital LLC FL’s holdings in United Parcel Service were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of UPS. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service during the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new stake in United Parcel Service during the fourth quarter worth $28,000. Northwest Financial Advisors acquired a new stake in United Parcel Service during the fourth quarter worth $28,000. Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $31,000. Finally, Security National Bank acquired a new stake in shares of United Parcel Service in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Trading Down 0.9 %

Shares of UPS stock traded down $1.19 on Tuesday, reaching $134.76. The company had a trading volume of 2,121,479 shares, compared to its average volume of 4,042,433. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market cap of $115.30 billion, a PE ratio of 19.60, a PEG ratio of 1.74 and a beta of 0.98. The company has a 50-day moving average of $141.71 and a 200-day moving average of $148.50. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.84%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Stifel Nicolaus reduced their target price on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a report on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $164.55.

United Parcel Service Company 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.