Corundum Group Inc. Acquires Shares of 7,347 United Parcel Service, Inc. $UPS

Corundum Group Inc. bought a new position in United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,347 shares of the transportation company’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $25,000. Coston McIsaac & Partners boosted its stake in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS’s $48 million cold-chain expansion could strengthen its healthcare logistics business and support higher-margin growth as demand for temperature-controlled deliveries increases.
• Neutral Sentiment: The company’s UK delivery model changes suggest management is continuing to reshape operations, but the near-term financial impact is still uncertain.
• Neutral Sentiment: FedEx’s weak earnings outlook may indirectly support UPS by highlighting a softer competitive backdrop in package delivery, though it does not directly change UPS’s fundamentals.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $106.07 on Thursday. The firm has a market cap of $90.16 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The business’s fifty day simple moving average is $104.37 and its 200-day simple moving average is $104.75.

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

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup raised their target price on United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna upped their price objective on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group cut their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Evercore reduced their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

About United Parcel Service

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.