Autumn Glory Partners LLC Purchases Shares of 5,000 United Parcel Service, Inc. (NYSE:UPS)

Autumn Glory Partners LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,000 shares of the transportation company’s stock, valued at approximately $550,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Silver Oak Securities Incorporated boosted its stake in United Parcel Service by 42.8% during the 1st quarter. Silver Oak Securities Incorporated now owns 5,098 shares of the transportation company’s stock valued at $559,000 after purchasing an additional 1,529 shares during the last quarter. United Advisor Group LLC boosted its stake in United Parcel Service by 2.8% during the 1st quarter. United Advisor Group LLC now owns 63,266 shares of the transportation company’s stock valued at $6,959,000 after purchasing an additional 1,744 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in United Parcel Service during the 1st quarter valued at about $302,000. Friedenthal Financial acquired a new position in United Parcel Service during the 1st quarter valued at about $878,000. Finally, Steel Grove Capital Advisors LLC lifted its position in shares of United Parcel Service by 454.8% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 14,480 shares of the transportation company’s stock worth $1,593,000 after buying an additional 11,870 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on UPS. Truist Financial dropped their target price on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets dropped their target price on shares of United Parcel Service from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Oppenheimer dropped their target price on shares of United Parcel Service from $126.00 to $114.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Raymond James Financial dropped their target price on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $120.26.

United Parcel Service Stock Down 0.6%

Shares of UPS stock opened at $99.12 on Thursday. The company has a market capitalization of $83.93 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.75 and a beta of 1.22. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company’s fifty day moving average price is $97.67 and its 200-day moving average price is $112.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared 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 6.62%. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service 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.