United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Benin Management CORP

Benin Management CORP boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 12.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 31,918 shares of the transportation company’s stock after purchasing an additional 3,605 shares during the quarter. United Parcel Service makes up approximately 1.0% of Benin Management CORP’s holdings, making the stock its 16th largest position. Benin Management CORP’s holdings in United Parcel Service were worth $3,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UPS. Vanguard Group Inc. boosted its stake in United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company’s stock valued at $8,213,699,000 after acquiring an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Parcel Service by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company’s stock valued at $2,933,674,000 after purchasing an additional 1,337,058 shares during the period. Geode Capital Management LLC raised its position in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company’s stock valued at $1,979,695,000 after buying an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company’s stock valued at $1,384,567,000 after buying an additional 1,484,452 shares during the period. Finally, FMR LLC boosted its position in United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company’s stock worth $1,373,964,000 after acquiring an additional 268,278 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Up 0.7%

UPS stock opened at $98.03 on Wednesday. The company has a 50 day moving average of $98.03 and a two-hundred day moving average of $114.61. The company has a market cap of $83.01 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same period last year, the company earned $1.43 earnings per share. United Parcel Service’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPS shares. Wall Street Zen downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Hsbc Global Res cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 1st. Barclays reduced their price objective on United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a research note on Monday, March 31st. Galvan Research lowered their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $120.26.

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.