Portside Wealth Group LLC Has $2.10 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Portside Wealth Group LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 32.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,070 shares of the transportation company’s stock after buying an additional 4,639 shares during the period. Portside Wealth Group LLC’s holdings in United Parcel Service were worth $2,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. IMG Wealth Management Inc. bought a new position in United Parcel Service during the fourth quarter valued at about $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the fourth quarter valued at approximately $28,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on UPS shares. Stifel Nicolaus decreased their price target on shares of United Parcel Service from $145.00 to $124.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Galvan Research reduced their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. HSBC downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research report on Thursday, May 1st. Raymond James dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 1.4%

NYSE UPS opened at $98.24 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average of $97.32 and a two-hundred day moving average of $113.74. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.95 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, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

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.