10 15 Associates Inc. bought a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 87,472 shares of the transportation company’s stock, valued at approximately $9,155,000. United Parcel Service accounts for about 2.2% of 10 15 Associates Inc.’s portfolio, making the stock its 21st largest position.
A number of other large investors have also bought and sold shares of the business. Focused Wealth Management Inc purchased a new stake in shares of United Parcel Service during the 4th quarter worth about $106,000. Massey Quick Simon & CO. LLC raised its position in shares of United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth about $115,000. Silvant Capital Management LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth about $122,000. Finally, Resources Investment Advisors Inc. raised its position in shares of United Parcel Service by 51.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares during the last quarter. 53.43% of the stock is currently owned by institutional investors.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by insiders.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.01. The company had revenue of $17.11 billion during the quarter, compared to analysts’ expectations of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. analysts expect that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Stockholders of record on Monday, May 21st were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, May 18th. This represents a $3.64 annualized dividend and a dividend yield of 3.19%. United Parcel Service’s dividend payout ratio (DPR) is currently 60.57%.
Several research firms recently weighed in on UPS. BMO Capital Markets reduced their price target on shares of United Parcel Service to $121.00 and set a “market perform” rating for the company in a research report on Friday, April 27th. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating in a report on Monday, May 14th. Loop Capital increased their price objective on shares of United Parcel Service from $131.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Robert W. Baird reiterated a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a report on Tuesday, April 10th. Finally, Knight Equity downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $115.00 in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $124.47.
United Parcel Service Profile
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.
Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.