Assetmark Inc. Has $8.95 Million Stock Position in United Parcel Service, Inc. $UPS

Assetmark Inc. grew its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,000 shares of the transportation company’s stock after purchasing an additional 8,578 shares during the quarter. Assetmark Inc.’s holdings in United Parcel Service were worth $8,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Shrier Wealth Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $1,099,000. LFG Wealth Partners LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $1,207,000. CWM LLC increased its holdings in United Parcel Service by 49.4% during the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock valued at $29,495,000 after purchasing an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in United Parcel Service by 937.9% during the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after purchasing an additional 221,905 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in United Parcel Service by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after purchasing an additional 65,652 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group reduced their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Susquehanna lifted their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.10.

United Parcel Service Trading Down 3.8%

Shares of UPS opened at $113.19 on Tuesday. The stock’s fifty day simple moving average is $106.94 and its 200-day simple moving average is $106.24. The firm has a market capitalization of $96.21 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. 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 (NYSE:UPS) last announced its quarterly earnings data 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 firm had revenue of $21.20 billion during the quarter, compared to analyst estimates 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 revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.49 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders 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 annualized dividend and a dividend yield of 5.8%. United Parcel Service’s payout ratio is currently 106.15%.

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.