DAGCO Inc. Trims Stake in United Parcel Service, Inc. (NYSE:UPS)


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DAGCO Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,596 shares of the transportation company’s stock after selling 764 shares during the period. DAGCO Inc.’s holdings in United Parcel Service were worth $1,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC lifted its holdings in United Parcel Service by 0.5% during the 1st quarter. Moloney Securities Asset Management LLC now owns 10,073 shares of the transportation company’s stock valued at $1,712,000 after buying an additional 51 shares in the last quarter. Profit Investment Management LLC increased its position in United Parcel Service by 1.6% during the 1st quarter. Profit Investment Management LLC now owns 3,513 shares of the transportation company’s stock valued at $598,000 after purchasing an additional 57 shares during the period. Sheets Smith Wealth Management increased its position in United Parcel Service by 0.3% during the 1st quarter. Sheets Smith Wealth Management now owns 22,756 shares of the transportation company’s stock valued at $3,868,000 after purchasing an additional 58 shares during the period. Advisors Management Group Inc. ADV increased its position in United Parcel Service by 2.7% during the 1st quarter. Advisors Management Group Inc. ADV now owns 2,219 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 59 shares during the period. Finally, Nachman Norwood & Parrott Inc increased its position in United Parcel Service by 2.5% during the 1st quarter. Nachman Norwood & Parrott Inc now owns 2,484 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 55.68% of the company’s stock.

NYSE:UPS traded up $0.81 during trading hours on Tuesday, reaching $213.01. 101,316 shares of the company were exchanged, compared to its average volume of 3,783,137. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 4.16. The stock’s 50-day moving average is $174.74 and its 200-day moving average is $167.34. The firm has a market cap of $184.69 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. United Parcel Service, Inc. has a twelve month low of $88.85 and a twelve month high of $213.38.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 27th. The transportation company reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $1.05. The company had revenue of $22.91 billion during the quarter, compared to analysts’ expectations of $20.62 billion. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were given a dividend of $1.02 per share. The ex-dividend date was Friday, February 19th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.01. This represents a $4.08 dividend on an annualized basis and a yield of 1.92%. United Parcel Service’s dividend payout ratio is currently 54.18%.

In other news, insider Laura J. Lane sold 2,375 shares of the company’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $157.93, for a total transaction of $375,083.75. Also, Director Wayne M. Hewett bought 625 shares of the company’s stock in a transaction dated Wednesday, February 24th. The shares were acquired at an average cost of $159.82 per share, with a total value of $99,887.50. Following the acquisition, the director now directly owns 868 shares of the company’s stock, valued at $138,723.76. The disclosure for this purchase can be found here. 0.57% of the stock is owned by corporate insiders.

A number of research analysts have commented on the stock. Raymond James raised their target price on shares of United Parcel Service from $200.00 to $223.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on shares of United Parcel Service from $80.00 to $120.00 and gave the stock an “underweight” rating in a research report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of United Parcel Service from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 21st. TheStreet raised shares of United Parcel Service from a “c” rating to an “a” rating in a research report on Tuesday, April 27th. Finally, Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $234.00 target price on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $192.21.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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