United Parcel Service, Inc. (NYSE:UPS) Holdings Lifted by First PREMIER Bank

First PREMIER Bank grew its position in United Parcel Service, Inc. (NYSE:UPS) by 22.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,518 shares of the transportation company’s stock after purchasing an additional 465 shares during the period. First PREMIER Bank’s holdings in United Parcel Service were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Altus Wealth Group LLC grew its position in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock worth $255,000 after purchasing an additional 89 shares during the last quarter. Colonial Trust Co SC grew its position in United Parcel Service by 1.4% in the 4th quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after purchasing an additional 98 shares during the last quarter. Juncture Wealth Strategies LLC grew its position in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock worth $454,000 after purchasing an additional 101 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock valued at $259,000 after acquiring an additional 104 shares in the last quarter. Finally, Diligent Investors LLC boosted its holdings in shares of United Parcel Service by 1.7% in the fourth quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company’s stock valued at $848,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UPS shares. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Citigroup decreased their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Barclays decreased their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating for the company in a report on Monday, March 31st. Wolfe Research decreased their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, UBS Group decreased their price objective on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $120.26.

United Parcel Service Trading Up 0.2%

United Parcel Service stock opened at $99.36 on Friday. The company has a 50 day moving average price of $97.77 and a 200 day moving average price of $111.65. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $148.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $84.14 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the business posted $1.43 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

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.