United Parcel Service, Inc. $UPS Stock Position Increased by Assetmark Inc.

Assetmark Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,000 shares of the transportation company’s stock after buying an additional 8,578 shares during the quarter. Assetmark Inc.’s holdings in United Parcel Service were worth $8,953,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners boosted its holdings in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service in the fourth quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service in the fourth quarter worth approximately $29,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 3.8%

UPS stock opened at $113.19 on Tuesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market cap of $96.21 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.87 and a beta of 1.05. The company has a 50 day moving average of $106.94 and a two-hundred day moving average of $106.24.

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

United Parcel Service Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on UPS. Evercore dropped their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Citigroup lifted their target price on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group cut their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Stephens upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.10.

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.