United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Leo Wealth LLC

Leo Wealth LLC lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,496 shares of the transportation company’s stock after purchasing an additional 206 shares during the quarter. Leo Wealth LLC’s holdings in United Parcel Service were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after purchasing an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP increased its position in United Parcel Service by 87.6% in the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock valued at $2,854,180,000 after acquiring an additional 8,475,698 shares during the period. Norges Bank bought a new stake in United Parcel Service during the 4th quarter valued at $1,128,322,000. First Trust Advisors LP boosted its position in United Parcel Service by 208.1% during the 4th quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UPS shares. Susquehanna increased their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley raised their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Stifel Nicolaus cut their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Oppenheimer lifted their price target on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $164.55.

United Parcel Service Stock Up 0.3 %

United Parcel Service stock traded up $0.42 during mid-day trading on Friday, reaching $145.18. The company’s stock had a trading volume of 3,071,961 shares, compared to its average volume of 3,982,454. The business’s 50 day simple moving average is $139.44 and its 200 day simple moving average is $146.71. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. United Parcel Service, Inc. has a 12 month low of $132.90 and a 12 month high of $192.98. The company has a market capitalization of $124.21 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 1.89 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 EPS. As a group, research analysts anticipate that United Parcel Service, Inc. will post 8.15 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders 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 4.49%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

About United Parcel Service

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.