United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 220.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,096 shares of the transportation company’s stock after acquiring an additional 2,818 shares during the period. Larson Financial Group LLC’s holdings in United Parcel Service were worth $609,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after purchasing an additional 178,394 shares during the period. Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 8,475,698 shares during the period. International Assets Investment Management LLC boosted its position in shares of 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 valued at $2,280,190,000 after purchasing an additional 14,410,073 shares during the period. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after purchasing an additional 980,317 shares during the period. Finally, Norges Bank acquired a new position in shares of United Parcel Service in the 4th quarter valued at $1,128,322,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UPS has been the subject of a number of recent analyst reports. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, April 3rd. Oppenheimer raised their price objective on United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Susquehanna raised their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Finally, Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

Shares of UPS stock traded up $1.37 during trading on Wednesday, reaching $135.65. The company had a trading volume of 2,830,324 shares, compared to its average volume of 4,000,042. The firm’s 50 day simple moving average is $140.03 and its two-hundred day simple moving average is $147.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service, Inc. has a one year low of $132.90 and a one year high of $192.98. The company has a market capitalization of $116.06 billion, a PE ratio of 19.44, a PEG ratio of 1.72 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Announces Dividend

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