Hodges Capital Management Inc. Has $2.46 Million Position in United Parcel Service, Inc. $UPS

Hodges Capital Management Inc. lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 490.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,008 shares of the transportation company’s stock after acquiring an additional 20,771 shares during the period. Hodges Capital Management Inc.’s holdings in United Parcel Service were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UPS. Shrier Wealth Management LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at about $1,099,000. LFG Wealth Partners LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $1,207,000. CWM LLC raised its stake in United Parcel Service by 49.4% during the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock worth $29,495,000 after buying an additional 98,309 shares during the period. Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its stake in United Parcel Service by 937.9% in the fourth quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after acquiring an additional 221,905 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 0.6%

NYSE UPS opened at $109.99 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The business has a fifty day simple moving average of $104.91 and a 200 day simple moving average of $105.28. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The firm has a market capitalization of $93.49 billion, a P/E ratio of 17.80, a PEG ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.49 EPS. On average, analysts predict that United Parcel Service, Inc. will post 7.1 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 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

Wall Street Analyst Weigh In

UPS has been the subject of several recent research reports. UBS Group decreased their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings cut United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup lifted their price target on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Susquehanna boosted their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Evercore lowered their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.85.

United Parcel Service 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.