Patriot Financial Group Insurance Agency LLC Increases Position in United Parcel Service, Inc. (NYSE:UPS)

Patriot Financial Group Insurance Agency LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 18.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,635 shares of the transportation company’s stock after purchasing an additional 1,051 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in United Parcel Service were worth $730,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new position in United Parcel Service in the fourth quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the fourth quarter worth approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several research analyst reports. Raymond James cut their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Loop Capital reduced their target price on United Parcel Service from $115.00 to $105.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. Susquehanna dropped their price target on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Finally, UBS Group decreased their price objective on United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Stock Up 1.4%

United Parcel Service stock opened at $98.24 on Monday. The stock’s 50 day moving average price is $97.32 and its 200 day moving average price is $113.74. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a market cap of $83.19 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

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

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.68%. United Parcel Service’s dividend payout ratio (DPR) is presently 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.