Impax Asset Management LLC grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 15.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,335 shares of the transportation company’s stock after purchasing an additional 1,005 shares during the period. Impax Asset Management LLC’s holdings in United Parcel Service were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of UPS. Wagner Wealth Management LLC purchased a new stake in United Parcel Service during the fourth quarter valued at about $115,000. Focused Wealth Management Inc purchased a new stake in United Parcel Service during the fourth quarter valued at about $106,000. Massey Quick Simon & CO. LLC lifted its stake in United Parcel Service by 2,857.1% during the first quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,000 shares in the last quarter. Silvant Capital Management LLC purchased a new stake in United Parcel Service during the first quarter valued at about $122,000. Finally, Resources Investment Advisors Inc. lifted its stake in United Parcel Service by 51.2% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares in the last quarter. Institutional investors own 53.49% of the company’s stock.
In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
A number of analysts have commented on UPS shares. Loop Capital raised shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the company from $105.61 to $128.00 in a research note on Monday, February 26th. BMO Capital Markets reduced their price objective on shares of United Parcel Service to $121.00 and set a “market perform” rating for the company in a research note on Friday, April 27th. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Tuesday, April 10th. Zacks Investment Research lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average price target of $124.47.
United Parcel Service opened at $117.02 on Thursday, according to Marketbeat.com. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 14.84. The company has a market capitalization of $100.65 billion, a PE ratio of 19.47, a P/E/G ratio of 1.75 and a beta of 1.03. United Parcel Service, Inc. has a 52-week low of $101.45 and a 52-week high of $135.53.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $17.11 billion during the quarter, compared to analyst estimates of $16.49 billion. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. sell-side analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Monday, May 21st were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 3.11%. United Parcel Service’s dividend payout ratio is currently 60.57%.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized 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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