United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Hudock Inc.

Hudock Inc. raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the first quarter, HoldingsChannel.com reports. The firm owned 1,467 shares of the transportation company’s stock after buying an additional 134 shares during the period. Hudock Inc.’s holdings in United Parcel Service were worth $218,000 as of its most recent SEC filing.

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

United Parcel Service Trading Down 0.6 %

Shares of NYSE UPS traded down $0.85 during midday trading on Monday, reaching $135.50. 2,772,524 shares of the stock were exchanged, compared to its average volume of 4,015,932. The company has a 50 day simple moving average of $140.29 and a 200 day simple moving average of $147.45. The stock has a market capitalization of $115.93 billion, a P/E ratio of 19.64, a PEG ratio of 1.73 and a beta of 0.98. 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 twelve month low of $132.90 and a twelve month high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.81%. United Parcel Service’s payout ratio is currently 94.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Oppenheimer upped their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Morgan Stanley upped their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Evercore ISI lowered their price target on shares of 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. Bank of America upped their price target on shares of United Parcel Service from $157.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price target for the company from $150.00 to $170.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Company 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.