Hexagon Capital Partners LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS – Get Rating) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,978 shares of the transportation company’s stock after buying an additional 132 shares during the period. United Parcel Service makes up 0.5% of Hexagon Capital Partners LLC’s holdings, making the stock its 18th biggest position. Hexagon Capital Partners LLC’s holdings in United Parcel Service were worth $1,711,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rational Advisors LLC increased its position in United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after acquiring an additional 67 shares during the period. DB Fitzpatrick & Co Inc acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Curi Wealth Management LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Steward Financial Group LLC bought a new position in shares of United Parcel Service during the fourth quarter worth approximately $32,000. Finally, Bivin & Associates Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $32,000. 57.85% of the stock is owned by institutional investors.
A number of equities analysts have commented on UPS shares. JPMorgan Chase & Co. lowered United Parcel Service from an “overweight” rating to a “neutral” rating and set a $202.00 price objective on the stock. in a research note on Friday, May 13th. Stephens decreased their price target on United Parcel Service from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 27th. Raymond James reduced their price objective on shares of United Parcel Service from $275.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 27th. Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a research report on Tuesday, April 5th. Finally, Barclays set a $220.00 target price on shares of United Parcel Service in a research report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $223.69.
United Parcel Service (NYSE:UPS – Get Rating) last announced its earnings results on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.18. United Parcel Service had a return on equity of 82.94% and a net margin of 10.90%. The business had revenue of $24.40 billion during the quarter, compared to analyst estimates of $23.80 billion. During the same period last year, the company earned $2.77 EPS. United Parcel Service’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 12.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 16th were paid a $1.52 dividend. This represents a $6.08 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, May 13th. United Parcel Service’s dividend payout ratio is currently 49.63%.
United Parcel Service Company Profile (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. 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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