IFM Investors Pty Ltd Grows Holdings in United Parcel Service, Inc. $UPS

IFM Investors Pty Ltd increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,132 shares of the transportation company’s stock after acquiring an additional 6,193 shares during the quarter. IFM Investors Pty Ltd’s holdings in United Parcel Service were worth $13,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of UPS. Rexford Capital Inc. increased its holdings in shares of United Parcel Service by 6.2% during the first quarter. Rexford Capital Inc. now owns 3,339 shares of the transportation company’s stock valued at $328,000 after acquiring an additional 195 shares in the last quarter. First Pacific Financial boosted its stake in United Parcel Service by 0.9% in the 1st quarter. First Pacific Financial now owns 27,499 shares of the transportation company’s stock worth $2,705,000 after purchasing an additional 257 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in United Parcel Service by 47.6% during the 1st quarter. Premier Path Wealth Partners LLC now owns 3,157 shares of the transportation company’s stock valued at $311,000 after purchasing an additional 1,018 shares during the last quarter. Mayflower Financial Advisors LLC grew its position in United Parcel Service by 10.7% during the 1st quarter. Mayflower Financial Advisors LLC now owns 4,917 shares of the transportation company’s stock valued at $484,000 after purchasing an additional 477 shares during the last quarter. Finally, 626 Financial LLC increased its stake in United Parcel Service by 11.1% during the 1st quarter. 626 Financial LLC now owns 11,310 shares of the transportation company’s stock valued at $1,113,000 after purchasing an additional 1,128 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UPS shares. UBS Group decreased their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Citigroup boosted their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna upped their price objective on 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, Evercore reduced their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.85.

United Parcel Service Trading Up 1.9%

Shares of UPS stock opened at $109.54 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market capitalization of $93.11 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.71 and a beta of 1.05. The firm’s 50 day moving average is $104.71 and its 200 day moving average is $105.14.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating 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 company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.1 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, June 4th. Investors of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

United Parcel Service Profile

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.