United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in United Parcel Service, Inc. (NYSE:UPS) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,662 shares of the transportation company’s stock after purchasing an additional 5,950 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United Parcel Service were worth $5,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ledyard National Bank lifted its holdings in shares of United Parcel Service by 3.3% in the 4th quarter. Ledyard National Bank now owns 3,172 shares of the transportation company’s stock valued at $371,000 after buying an additional 100 shares during the period. Lakeview Capital Partners LLC lifted its holdings in shares of United Parcel Service by 0.4% in the 4th quarter. Lakeview Capital Partners LLC now owns 27,404 shares of the transportation company’s stock valued at $3,208,000 after buying an additional 102 shares during the period. King Wealth lifted its holdings in shares of United Parcel Service by 2.6% in the 4th quarter. King Wealth now owns 4,040 shares of the transportation company’s stock valued at $473,000 after buying an additional 102 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of United Parcel Service by 9.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,172 shares of the transportation company’s stock valued at $137,000 after buying an additional 102 shares during the period. Finally, Foothills Asset Management Ltd. lifted its holdings in shares of United Parcel Service by 0.6% in the 4th quarter. Foothills Asset Management Ltd. now owns 16,594 shares of the transportation company’s stock valued at $1,942,000 after buying an additional 105 shares during the period. 56.64% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:UPS opened at $96.72 on Friday. The company has a market cap of $83.90 billion, a P/E ratio of 13.35, a P/E/G ratio of 2.37 and a beta of 0.82. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 8.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $125.31. The business has a fifty day simple moving average of $96.01 and a 200-day simple moving average of $106.78.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.08). The business had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.17 billion. United Parcel Service had a net margin of 5.73% and a return on equity of 152.81%. United Parcel Service’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.39 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 5.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th will be issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, May 22nd. United Parcel Service’s payout ratio is currently 53.65%.

UPS has been the subject of several recent analyst reports. UBS Group cut United Parcel Service from a “buy” rating to a “neutral” rating in a report on Sunday, April 19th. Barclays downgraded United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $90.00 price objective for the company. in a research note on Friday, April 17th. Credit Suisse Group dropped their price objective on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. CSFB dropped their price objective on United Parcel Service from $105.00 to $101.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus dropped their price objective on United Parcel Service from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $110.32.

United Parcel Service Company 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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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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