Rhumbline Advisers Raises Holdings in United Parcel Service, Inc. (UPS)

Rhumbline Advisers boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,186,985 shares of the transportation company’s stock after acquiring an additional 64,124 shares during the quarter. Rhumbline Advisers owned about 0.14% of United Parcel Service worth $132,634,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UPS. Orrstown Financial Services Inc. acquired a new stake in United Parcel Service during the 4th quarter worth about $29,000. Reilly Financial Advisors LLC acquired a new stake in United Parcel Service during the 4th quarter worth about $29,000. Larson Financial Group LLC acquired a new stake in United Parcel Service during the 4th quarter worth about $29,000. CX Institutional acquired a new stake in United Parcel Service during the 1st quarter worth about $29,000. Finally, RPG Investment Advisory LLC raised its holdings in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares during the period. Hedge funds and other institutional investors own 55.77% of the company’s stock.

Several analysts have issued reports on the company. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $130.00 in a report on Monday, April 1st. Credit Suisse Group restated a “neutral” rating and set a $114.00 price objective on shares of United Parcel Service in a report on Wednesday, March 6th. Standpoint Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. Finally, Bank of America restated a “neutral” rating and set a $112.00 price objective (down previously from $116.00) on shares of United Parcel Service in a report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $122.41.

In related news, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $109.72, for a total value of $548,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Shares of UPS opened at $99.76 on Thursday. The stock has a market capitalization of $85.52 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. United Parcel Service, Inc. has a fifty-two week low of $89.89 and a fifty-two week high of $125.09. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. United Parcel Service’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. On average, sell-side analysts expect that United Parcel Service, Inc. will post 7.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Monday, May 20th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.85%. United Parcel Service’s dividend payout ratio is 53.04%.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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