Hexagon Capital Partners LLC Raises Position in United Parcel Service, Inc. (NYSE:UPS)

Hexagon Capital Partners LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% during the first quarter, Holdings Channel reports. The fund owned 9,142 shares of the transportation company’s stock after acquiring an additional 525 shares during the period. United Parcel Service comprises 0.3% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 26th largest position. Hexagon Capital Partners LLC’s holdings in United Parcel Service were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of UPS. Harbor Capital Advisors Inc. increased its position in shares of United Parcel Service by 0.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 17,530 shares of the transportation company’s stock valued at $2,756,000 after purchasing an additional 64 shares during the last quarter. First Financial Corp IN grew its stake in shares of United Parcel Service by 24.2% during the fourth quarter. First Financial Corp IN now owns 334 shares of the transportation company’s stock worth $53,000 after purchasing an additional 65 shares in the last quarter. Gleason Group Inc. increased its holdings in United Parcel Service by 1.1% in the fourth quarter. Gleason Group Inc. now owns 6,351 shares of the transportation company’s stock valued at $999,000 after buying an additional 66 shares during the last quarter. Cullen Investment Group LTD. raised its stake in United Parcel Service by 0.7% in the first quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 68 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its holdings in United Parcel Service by 0.5% during the 3rd quarter. Advisors Capital Management LLC now owns 15,085 shares of the transportation company’s stock worth $2,351,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI dropped their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a report on Monday, June 24th. Susquehanna increased their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Finally, TD Cowen cut their price target on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Price Performance

Shares of UPS traded down $0.90 during mid-day trading on Monday, hitting $135.95. The company’s stock had a trading volume of 2,657,859 shares, compared to its average volume of 4,057,780. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The firm has a market capitalization of $116.31 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.74 and a beta of 0.98. The firm has a 50-day simple moving average of $141.71 and a 200 day simple moving average of $148.50.

United Parcel Service (NYSE:UPS) last released its 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. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the company earned $2.20 earnings per share. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts predict that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.80%. 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.