United Parcel Service, Inc. $UPS Shares Bought by Sigma Planning Corp

Sigma Planning Corp lifted its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 37.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,722 shares of the transportation company’s stock after acquiring an additional 9,941 shares during the quarter. Sigma Planning Corp’s holdings in United Parcel Service were worth $3,613,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of UPS. University of Texas Texas AM Investment Management Co. purchased a new position in United Parcel Service in the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners raised its stake in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 119 shares during the period. Torren Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Evercore dropped their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna upped their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Finally, UBS Group lowered their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $111.10.

Read Our Latest Stock Analysis on UPS

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

United Parcel Service Stock Down 0.7%

UPS stock opened at $112.89 on Thursday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $95.96 billion, a P/E ratio of 18.27, a PEG ratio of 1.81 and a beta of 1.05. The firm has a 50 day simple moving average of $106.00 and a 200-day simple moving average of $105.90.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.8%. United Parcel Service’s payout ratio is presently 106.15%.

About United Parcel Service

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

Further Reading

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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