Shufro Rose & Co. LLC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 38.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,479 shares of the transportation company’s stock after buying an additional 1,520 shares during the quarter. Shufro Rose & Co. LLC’s holdings in United Parcel Service were worth $612,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in UPS. Orrstown Financial Services Inc. acquired a new position in United Parcel Service in the fourth quarter worth $29,000. Reilly Financial Advisors LLC acquired a new position in United Parcel Service in the fourth quarter worth $29,000. Larson Financial Group LLC acquired a new position in United Parcel Service in the fourth quarter worth $29,000. CX Institutional acquired a new position in United Parcel Service in the first quarter worth $29,000. Finally, RPG Investment Advisory LLC boosted its stake in United Parcel Service by 277.1% in the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares in the last quarter. 55.77% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on UPS. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Friday. Berenberg Bank reissued a “hold” rating and issued a $125.00 price objective on shares of United Parcel Service in a research note on Monday, March 25th. Argus reissued a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Credit Suisse Group reissued a “neutral” rating and issued a $114.00 price objective on shares of United Parcel Service in a research note on Wednesday, March 6th. Finally, Standpoint Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $122.41.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). The company had revenue of $17.16 billion during the quarter, compared to the consensus estimate of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a yield of 3.87%. United Parcel Service’s dividend payout ratio is presently 53.04%.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.
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About United Parcel Service
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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