Csenge Advisory Group Has $1.16 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Csenge Advisory Group cut its position in United Parcel Service, Inc. (NYSE:UPS) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,781 shares of the transportation company’s stock after selling 222 shares during the quarter. Csenge Advisory Group’s holdings in United Parcel Service were worth $1,157,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Tennessee Valley Asset Management Partners bought a new stake in shares of United Parcel Service in the 4th quarter valued at $26,000. Life Planning Partners Inc bought a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, Security National Bank acquired a new position in shares of United Parcel Service during the 4th quarter valued at $31,000. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPS. TD Cowen dropped their target price on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Wednesday, April 3rd. Evercore ISI dropped their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research report on Monday, June 24th. Susquehanna upped their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Stifel Nicolaus lowered their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Performance

NYSE:UPS traded up $2.09 on Thursday, reaching $137.74. 1,931,891 shares of the company’s stock were exchanged, compared to its average volume of 3,983,944. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market cap of $117.84 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.72 and a beta of 0.98. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The stock has a fifty day simple moving average of $139.83 and a 200-day simple moving average of $147.20.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The company had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the business earned $2.20 earnings per share. United Parcel Service’s revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend 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.