Summit Global Investments Raises Stock Position in United Parcel Service, Inc. $UPS

Summit Global Investments increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 56.2% in the 1st quarter, HoldingsChannel reports. The fund owned 20,780 shares of the transportation company’s stock after acquiring an additional 7,478 shares during the period. Summit Global Investments’ holdings in United Parcel Service were worth $2,044,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Legacy Wealth Managment LLC ID lifted its position in United Parcel Service by 48.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 101 shares during the last quarter. Carson Advisory Inc. grew its holdings in United Parcel Service by 3.7% in the first quarter. Carson Advisory Inc. now owns 7,846 shares of the transportation company’s stock worth $772,000 after purchasing an additional 281 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of United Parcel Service by 79.7% during the first quarter. Meeder Asset Management Inc. now owns 20,898 shares of the transportation company’s stock worth $2,056,000 after purchasing an additional 9,268 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of United Parcel Service by 12.2% during the first quarter. Meeder Advisory Services Inc. now owns 11,617 shares of the transportation company’s stock worth $1,143,000 after purchasing an additional 1,263 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of United Parcel Service by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock valued at $495,411,000 after purchasing an additional 271,646 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $113.19 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $106.94 and its 200 day moving average price is $106.24. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The company has a market cap of $96.21 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.87 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UPS shares. Citizens Jmp assumed coverage on United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Stephens raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Citigroup boosted their price target on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $111.10.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.