United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 79.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 72,158 shares of the transportation company’s stock after purchasing an additional 31,858 shares during the quarter. United Parcel Service accounts for 2.1% of Sage Capital Advisors llc’s portfolio, making the stock its 13th largest position. Sage Capital Advisors llc’s holdings in United Parcel Service were worth $7,937,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of UPS. Agate Pass Investment Management LLC grew its holdings in United Parcel Service by 93.0% during the first quarter. Agate Pass Investment Management LLC now owns 9,235 shares of the transportation company’s stock worth $1,016,000 after acquiring an additional 4,450 shares during the period. Versant Capital Management Inc grew its stake in shares of United Parcel Service by 31.0% in the 1st quarter. Versant Capital Management Inc now owns 4,693 shares of the transportation company’s stock worth $516,000 after purchasing an additional 1,110 shares during the last quarter. Kera Capital Partners Inc. raised its holdings in shares of United Parcel Service by 3.6% in the 1st quarter. Kera Capital Partners Inc. now owns 26,483 shares of the transportation company’s stock worth $2,913,000 after purchasing an additional 920 shares in the last quarter. Marcum Wealth LLC lifted its stake in United Parcel Service by 0.6% during the first quarter. Marcum Wealth LLC now owns 108,545 shares of the transportation company’s stock valued at $11,939,000 after purchasing an additional 685 shares during the last quarter. Finally, Centre Asset Management LLC boosted its holdings in United Parcel Service by 0.6% during the first quarter. Centre Asset Management LLC now owns 76,011 shares of the transportation company’s stock worth $8,360,000 after buying an additional 440 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UPS. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 target price for the company. Robert W. Baird cut United Parcel Service from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Finally, Susquehanna reduced 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 research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Stock Performance

Shares of UPS stock opened at $98.06 on Friday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The stock’s 50-day moving average is $98.81 and its two-hundred day moving average is $115.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm has a market cap of $83.03 billion, a P/E ratio of 14.51, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.69%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service Company Profile

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.